It’s an issue the banks tried to dis early on – and it absolutely should have been an issue. Just another intentional inducement to get homeowners to unwittingly buy into the scheme.
BWU/NEP’s Bill Black appears on Phil Crawford’s Voice of Appraisal. Bill discusses past problems with appraisal fraud and the AMC model. He also explains how he would like to work with appraisers in the future!! The introduction starts at about the 11 minute mark with interview starting around the 15 minute mark.