ValuFinders Inc., a provider of valuation services to national lenders, brokers and government agencies, been selected by the U.S. Department of Housing and Urban Development (HUD) to perform reviews of real estate owned appraisals for HUD-owned foreclosed properties. ValuFinders will also perform reviews of HUD pre-foreclosure sales properties.
HUD has chosen ValuFinders to review and analyze the original appraisals for the purpose of certifying that the value is credible and supported, as well as to protect against fraud and undue influence exerted during the appraisal process, the company says. ValuFinders' Web-based system, Appraisal CONCIERGE, will be used to accomplish this task.
Source: ValuFinders Inc.
