Criminal mortgage fraud occurs when brokers or loan officers tell mortgagees and borrowers that a house or property is worth more than it actually is. They can request a larger loan and, consequently, a will receive a larger commission.
While we’re driven by our ethical standards, appraisers are also paid a set fee for their work and have no connection to loan officers or brokers, so you can rest assured that the value we appraise isn’t skewed by self-interest. Hiring a reputable appraiser, then, is your first line of defense against mortgage fraud and corruption among other third-parties within the industry.
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