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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

Appraisal 349
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Opinion: Who decides what American neighborhoods look like?

Housing Wire

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like?

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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

We recommend starting with the infrastructure because this is what often drives commercial property prices. And determine whether the government plans any upgrades in the future; this is a telltale sign of an up-and-coming hot spot. Consider the quality of life issues when conducting your commercial property search in Columbus, Ohio.

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Appraiser Liability Risks

Appraisal Today

In it, Fannie boldly proclaims that they are “moving away from implying that an appraisal is a default requirement.” Fannie has been upfront about its interest in developing appraisal “alternatives.” The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals.

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Understanding desktop appraisals and how to use them for home valuations

Clear Capital

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. If you want to unlock the power of these appraisals, Clear Capital is here to help.

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Opinion: The path to modernizing the appraisal process

Housing Wire

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. Additionally, as directed by the Biden administration, the U.S. The greatest barrier to that today is the current supervisory model.