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loanDepot settles appraisal bias lawsuit 

Housing Wire

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. Instead of Connolly and Mott greeting the appraiser, a white colleague was present during the process. The home was appraised for $750,000, almost 60% higher than the initial appraisal performed.

Appraisal 401
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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Most appraisers have diversity in their business channels.

Appraisal 397