Great article/opinion. The only concern I have is that an "assessor" is quite different from an "appraiser". The appraiser works for the bank; the assessor works for the local body of government that determines the value for taxation purposes.
Maxine S. Saunders
U.S. Department of Housing and Urban Development
Thanks for the note. What I meant was the quality control people assessing loans within the banks -- not the loan officers themselves and not the outside appraisers who value the houses. Someone in banking told me they were called assessors, but I guess not.