Set To Launch

A nationwide group of appraisers has created a reverse mortgage appraiser cooperative – – that is designed to promote ethical appraisal practices and assist customers in finding qualified appraisers.

The online cooperative will accept only appraisers who subscribe to a code of ethics, the group says, adding that the reverse mortgage industry is currently growing by almost 100% per year. The cooperative encourages lenders to save their borrowers money by using the new Web site – rather than appraisal management companies – to directly locate appraisers.


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