Lenders Support Biden Era Reappraisal Guidance Even After Policy Change

President Donald Trump has ended some of the guidance that allowed homeowners to question their property appraisals. However, many lenders continue to use former President Joe Biden’s guidance as it has proven to have a positive impact throughout the lending industry. Inaccurate home valuations impact lenders and banks alike, making it more difficult for borrowers to qualify for new home loans and harder for banks to ascertain a home’s value as collateral for a loan.

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