Valuations - What counts as a valuation?

Compliance > Regulation B - ECOA

Q:  What counts as a valuation?

A:  A “valuation” is any estimate of the value of a dwelling developed in connection with an application for credit. 

The following is a nonexclusive list of examples of valuations:

  • A report prepared by an appraiser (whether or not licensed or certified) including the appraiser's estimate of the property's value or opinion of value.
  • A document prepared by the creditor's staff that assigns value to the property.
  • A report approved by a government-sponsored enterprise for describing to the applicant the estimate of the property's value developed pursuant to the proprietary methodology or mechanism of the government-sponsored enterprise.
  • A report generated by use of an automated valuation model to estimate the property's value.
  • A broker price opinion prepared by a real estate broker, agent, or sales person to estimate the property's value. 

A "valuation" includes any attachments and exhibits that are an integrated part of the valuation.  



Information to support this Q&A can be found in Regulation B, which may be found here:     https://www.ecfr.gov/current/title-12/chapter-X/part-1002

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