is-appraisal-inherently-biased 
George Dell
MARCH 17, 2021
Legacy appraisal practice “the valuation process” is well established. The post Is Appraisal Inherently Biased? Therein lies the problem. It is not designed to use modern methods toward objective, unbiased results. First, lets distinguish the different kinds of bias. We need to separate personal bias from analytic bias.
Housing Wire
APRIL 18, 2024
With AI’s capacity to perform complex reasoning and manage autonomous operations, it is critical to explore how this technology can reshape industry standards, enhance operational efficiency, and how we as an industry manage its inherent risks. One prevalent myth suggests that AI will replace human appraisers entirely.
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Appraisal Buzz
DECEMBER 27, 2021
There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.
Appraiserblogs
AUGUST 9, 2023
It is a fact that 85% of appraisers are white with the majority of them being middle-age white men, although that is rapidly changing. The bias argument presupposes they are inherently more biased than women, Hispanic, African American, Asian, Pacific-islander, etc. We can, and should, encourage more diversity.
Appraisal Buzz
JANUARY 10, 2022
When it comes to the appraisal report, there are five primary risks lenders are working to mitigate. Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 1: Appraiser risk. Banks are required by regulation to use licensed and certified appraisers.
Housing Wire
MARCH 23, 2021
Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. In light of that, HousingWire recently sat down with ValueLink SVP of Operations Aqil Ahmed to discuss today’s appraisal landscape. HW: What is the No.
Appraisal Buzz
MAY 31, 2021
A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked! Beyond the Headlines: Residential Appraisal Review.
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