Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. ” Though the bank did not admit to any wrongdoing or any appraisal bias, it moved quickly to update its policies on valuations.

Reconsideration of Value 450

Reconsideration of Value Appraisal Valuation Appraisal Process 450

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Also, underwriters should be trained to identify and remedy appraisal deficiencies, including racial and ethnic bias.

Reconsideration of Value 78

Reconsideration of Value Appraisal Valuation Training 78

Housing Wire

NOVEMBER 30, 2021

Our industry must support and adopt solutions like the Practical Applications of Real Estate Appraisal (PAREA) and allow students to engage in simulated/virtual training programs in every state. Reconsideration of Value (ROV) process. Additionally, as directed by the Biden administration, the U.S.

Appraisal Process 398

Appraisal Process Modernization Appraisal Valuation 398