- Jan 14, 2002
- Professional Status
- Certified Residential Appraiser
What the heck is an "automatic review?" Had a client tell me that because the borrower is at a certain LTV and interest rate, that the investor (BIG Company who's name starts with a "C") is doing an "automatic review" on my report. Apparently this review has nothing to do with any "red flags" in my report but has to do with the borrower and type of loan. Well guess what? The reviewer "slashed" the value in my report and now the "Big Bucks" investor wants to raise the interest rate!!! And no......I'm not allowed to know who the reviewer is and I can't get a copy of the review. Am I wrong or does something SMELL here?