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BPO Accuracy

BPOs have been used for many years by the lending industry and mortgage servicers.  BPOs have proven to be accurate and reliable.  NABPOP is not claiming BPOs are more accurate than appraisals.  NABPOP is claiming BPOs and appraisals are relatively close in accuracy.  Appraisal organizations often claim BPOs are inaccurate, but BPO accuracy certainly isn’t as bad as appraisal organizations claim them to be.  Based on the continued use of BPOs within the lending industry, we knew that BPOs must be accurate and reliable.  More