Appraisal management companies are fighting back against criticisms leveled at them in the two and a half months since the Home Valuation Code of Conduct took effect.

The companies argue that they provide a needed firewall between loan originators and appraisers, preventing the former from bullying the latter to overstate home values. They are also rebutting a claim made by appraisers and mortgage brokers that appraisers hired through management companies do not come from the areas where the properties are located and thus are unfamiliar with the local area.

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