LOOKS LIKE YOU NEVER WORKED!
BANK OFFICER ===> WHEN ASKED A STUPID QUESTION ===========> BLANK STARE ..........DID NOT HEAR IT...........NO REPLY.....TALK ABOUT OTHER THINGS....
Let us be nicer to co cky Dorky.

When I meet my friends in the banking sector, I will asked them. 
!. Yes, the bank manager definitely need to have the property valued, by the valuer. It will usually take about 2 weeks to get this valuation.
2. Yes, the bank manager has discretion in not having the valuer involved for properties less than $500,000. But then, how many properties are now less than $500,000. Even then, the bank manager, most of them, would feel uneasy not to have the property valued by the valuer. They preferred the valuer's role to avoid complicity in the future.
Common sense will tell us that in matters concerning money and loan, valuation has a place. It would be extremely surprising should this important process can be by-passed.
Looks like the CFA student is kurang matang.
