Why are BPO’s still accepted after all that we know about the problems in the financial system that arise from allowing untrained individuals with inherent conflicts of interest to act without oversight?
Amateur hour is over. Let's utilize the talents of the nation’s professional appraisers in helping to restore credibility to the process of mortgage loan securitization. Let’s End BPO’s now!
While it is our fervent hope that Mr. Andrew Cuomo will understand the indisputable logic to ending BPO’s now and lead the charge in doing so, let’s give him some assistance in his efforts by providing him with examples that we appraisers might be capable of giving him. The dirty, little secret of BPO’s will not survive the light of day, so let’s put the spotlight on ending BPO’s now.
While many decision-makers within the financial sector and political arena look the other way when the issue of BPO’s is raised, there are probably many who honestly do not understand the serious deficiencies of these questionable products. Let’s end this, let them know what is really going on out there, bring transparency to the issue and let’s end BPO’s now!