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HomeNational MortgageHow dwelling appraisal reforms goal to scale back bias

How dwelling appraisal reforms goal to scale back bias

Equity in lending continues to be high of thoughts for regulators, with various authorities creating new transparencies with the objective of eliminating discriminatory practices and appraisal bias, together with the Federal Housing Finance Company’s latest announcement that it’s going to make public appraisal information from Fannie Mae and Freddie Mac.

In the meantime, stakeholders within the business are taking a proactive method and implementing adjustments to techniques and processes, reminiscent of Black Knight’s improve of its automated valuation mannequin and the FHFA’s new framework to evaluation and suggest adjustments to automated fashions to advance honest lending.

Learn our roundup to study these developments and different efforts to finish appraisal bias and discrimination within the business.

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