That's different from traditional appraisals, which involve visiting homes and estimating their value while noting details like moldy walls that may affect that value. (businessinsider.com)
Giant mortgage investor Freddie Mac plans to dispense with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free to both lenders and borrowers. (washingtonpost.com)
In essence, that would require throwing out the traditional appraisal process used by BLM to set royalty prices. (scientificamerican.com)