“Investors Turn to ‘Drive By’ Home Appraisals, Adding Risk,” The Wall Street Journal, January 22, 2018 A1. A method that is illegal when used for a single home is used to quickly and cheaply (quick and dirty?) value large collections of houses, which are then used as collateral.
These values are then used as collateral on billions of dollars of bonds. Isn’t that comforting? Think of the money they are saving!
Do you know what information underpins your decisions? Does the Board? Does the market? What could go wrong?