Remove Legal Remove Presentation Remove Reconsideration of Value Remove Training
article thumbnail

loanDepot settles appraisal bias lawsuit 

Housing Wire

Instead of Connolly and Mott greeting the appraiser, a white colleague was present during the process. They conducted a “whitewashing” experiment, replacing family photos with pictures of white friends and colleagues. The home was appraised for $750,000, almost 60% higher than the initial appraisal performed.

Appraisal 391
article thumbnail

Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” Get the relevant date of value from the client or client’s attorney. How to Respond to ROV Requests: Updated Guidance.