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Center for Responsible Appraisals and Valuations (CRAV)

The recent refinance boom has allowed predatory lending to flourish. With millions of homeowners looking to trade high credit card debt for a lower home equity, more and more lenders are willing to pressure appraisers to inflate property values and fabricate equity when it is not really there.

Predatory appraisal practices are currently, and quietly, taking equity from homeowners nationwide and, in the process, threatening the safety of the entire marketplace. The impact of abusive appraisal practices destroys entire communities, leaves the secondary market in extreme risk, and endangers the marketplace as a whole.

The Center for Responsible Appraisals & Valuations (CRAV) was created to provide the appraisal industry and American homeowners' peace of mind about the home valuation process.  By creating a strong infrastructure of accountability and action, CRAV proposes to bring home valuation abuse to an end and promote professional and objective valuation services from Main street to Wall Street.

CRAV has created a national Code of Conduct for all industry participants to follow, once becoming Signatory Members of CRAV. Signatories agree to the guidelines of FIRREA and other local, state, and federal rules and regulations, and contribute to ending improper influence on the home valuation process.

CRAV Signatories also agree to the Alternative Dispute Resolution (ADR) process that has been designed through the American Arbitration Association (AAA).  This method offers Signatories that have been wronged the opportunity to file a complaint through an efficient cost effective online process.

The CRAV can counsel consumers on their rights, assess any allegations of discrimination, and challenge mortgage companies. It can also help consumers obtain local counseling by referring them to one of NCRC's 600+ member organizations, or help them apply to NCRC's Housing Counseling Network (HCN). For more information, call the hotline, (800) 475-NCRC (6272) or email Katrina Forrest at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .