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NAB uses QBE as their mortgage insurer (and in doing so their rules) whereas NAB Broker uses Genworth. QBE has a far superior valuation policy than Genworth. Genworth are more conservative and require full valuations on more scenarios than QBE. NAB doesn't capitalise LMI - this is a huge...

NAB and NAB Broker are very different beasts - pros and cons on both sides (mainly cons)......

Even if your lender goes off the lower amount - there is nothing stopping you from settling and then going back to the lender shortly thereafter and doing an equity release on the valuation amount. Bit of a silly policy really.

Depends on a number of things but some lenders will take the current value and some lenders will take the lower of the valuation or contract of sale.