Example Definitions of "BPO"
BPO. An opinion of the fair market value of a Mortgaged given by a licensed real estate agent or broker in conformity with customary and usual business practices, which includes comparable sales and comparable listings and complies with the criteria set forth in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 for an "appraisal" or an "evaluation" as applicable.
All Definitions