Housing price gains and the critical role of valuations during the recovery may require lenders to watch over an appraiser’s shoulder.

“Today and going forward, the biggest challenge from the lender perspective is evaluating the appraisals and the market an appraisal is completed in, and assessing the justification of the appreciation in that market,” says Clint Cornett, CEO of ValuTrac Software, who also is a licensed appraiser in Texas where he has worked for the past 20 years.

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