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Electronic valuations must be audited, says FBAA

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Australian Broker | 16 Nov 2015, 07:32 AM Agree 0
The chief executive of the FBAA has demanded that electronic mortgage valuations be audited
  • Regional Broker | 16 Nov 2015, 09:10 AM Agree 0
    Good luck. In a rapidly shifting market and an unreported sale or sales taking up to 3 months to reach data bases it is a nightmare.

    Really the whole valuation practice and reporting needs a shake up.
  • marty | 16 Nov 2015, 10:23 AM Agree 0
    On data quality the electronic conveyancing process should also be required feed the sale prices at settlement to the data collectors so we don't get that 3 month lag.
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