“Our analytics deliver comprehensive details about the residential collateral that backs the loans our clients originate and service. Thanks to our partnership with BuildFax, we can now offer our clients even more property information they can use to verify details about the residential property.”
Lower-priced properties are more likely to be appraised above contract price.
The overall distribution of appraised value relative to contract price shows significant upward bias in appraisal valuation.
About 60% of appraisals exceed contract price.