Atlas VMS, the appraisal and valuation company led by Erik Morin, announced this week the appointment of Joe Pravettone as chief appraiser. The company describes the hire as a “significant addition” to its leadership team. Pravettone began his valuation career roughly 25 years ago, starting as an independent fee appraiser and ultimately working for both [...]read moreAppraisal firm Atlas VMS hires former AAG chief appraiser
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.” An announcement on Thursday from HUD and a new Mortgagee [...]read moreNew appraisal bias protections apply to reverse mortgage program: FHA
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD. “The Reconsideration [...]read moreHUD and FHA announce new appraisal bias protections
Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. With AI’s capacity to perform complex reasoning and manage autonomous operations, it is critical to explore how this technology can reshape industry standards, enhance operational efficiency, and how [...]read moreHow AI will transform the mortgage and appraisal industries
The Federal Housing Finance Agency (FHFA) this week published a blog illustrating that appraisal gaps between white, Hispanic/Latino and Black households have diminished since the 2022 announcement of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) action plan, which the White House claims to be “empowering consumers with new tools and greater [...]read moreRace-based appraisal gaps have narrowed in recent years: FHFA
Fannie Mae this month issued a recent progress report on its ongoing effort to scan appraisal reports for “prohibited or subjective language,” updating stakeholders on a process that began in 2021 to rid appraisal reports and valuation decisions of verbiage that could be construed as contributing to appraisal bias. In February, Fannie Mae issued a [...]read moreFannie Mae: prohibited/subjective language in appraisal reports has declined
Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats, and an unparalleled lineup of speakers, this gathering becomes more than a conference — it becomes a collaborative force shaping the future of our [...]read moreLoanDepot Settles High-Profile Appraisal Bias Lawsuit
The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the [...]read moreKelly Davids named president of The Appraisal Foundation
loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore [...]read moreloanDepot settles appraisal bias lawsuit
GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links. You’ll undertake a lot of quests in Dragon’s Dogma 2. Some are fairly straightforward, while others will take you to far-flung regions. One, in particular, has you looking for rare tomes that two people need. Here’s our [...]read moreDragon’s Dogma 2 – All Grimoires For Spellbound And Sorcerer’s Appraisal