Valuation expertise: Its nature and application

Abstract

Discusses the components of valuation expertise as applied to the residual mortgage valuation domain and considers the different levels of analysis at which this expertise is exhibited. Explores the difference between ′true′ valuation expertise and expertness, the implications of the consultant′s ability to work across different domains of specialization by using analogies and the use of both individual and multiple experts in producing a ′domain theory′ which could be utilized in the production of an expert system for the mortgage valuation problem.