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Two reports present very different pictures of appraisal bias

Two reports present very different pictures of appraisal bias

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Two reports present very different pictures of appraisal bias
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Two reports present very different pictures of appraisal bias
Two reports present very different pictures of appraisal bias
Two reports present very different pictures of appraisal bias
Two reports present very different pictures of appraisal bias
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.“We looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,” Research Economist Reena Agrawal, said in an interview about the report sh...
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.“We looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,” Research Economist Reena Agrawal, said in an interview about the report sh...
Fee Simple vs. Leasehold: Two Very Different Types of Ownership
Fee Simple vs. Leasehold: Two Very Different Types of Ownership
Fee Simple vs. Leasehold: Two Very Different Types of Ownership
Fee Simple vs. Leasehold: Two Very Different Types of Ownership
redfin redfin | 1 year ago
You’re browsing real estate listings when something catches your eye: a house that looks just like others in the area, but priced $100,000 less. Then you notice the word “leasehold” on the listing. You don’t remember seeing that on other listings. Is it too good to be true? Let’s find out. Fee simple Fee simple ownership means “complete” ownership. It’s a legal term that means the property owner owns the land and any structures on the land, including the home. The leasehold list...
You’re browsing real estate listings when something catches your eye: a house that looks just like others in the area, but priced $100,000 less. Then you notice the word “leasehold” on the listing. You don’t remember seeing that on other listings. Is it too good to be true? Let’s find out. Fee simple Fee simple ownership means “complete” ownership. It’s a legal term that means the property owner owns the land and any structures on the land, including the home. The leasehold list...
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
"Flavors" of Appraisal Reports - Appraisers Blogs
appraisersblogs appraisersblogs | 2 years ago
SEE the differences between the THREE versions of the 1004 reports, what I euphemistically call “flavors.” Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Now that the GSE’s have “formally” approved non-appraiser-inspected reports for first mortgage lending (or will very soon – not sure of the exact effective date), you may want to actually SEE the differences between the THREE versions of the 1004 repor...
SEE the differences between the THREE versions of the 1004 reports, what I euphemistically call “flavors.” Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Now that the GSE’s have “formally” approved non-appraiser-inspected reports for first mortgage lending (or will very soon – not sure of the exact effective date), you may want to actually SEE the differences between the THREE versions of the 1004 repor...
Action Steps to Take Against Appraisal Bias
Action Steps to Take Against Appraisal Bias
Action Steps to Take Against Appraisal Bias
Action Steps to Take Against Appraisal Bias
magazine magazine | 1 year ago
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
Black Knight’s new offering examines appraisal comps for bias
Black Knight’s new offering examines appraisal comps for bias
Black Knight’s new offering examines appraisal comps for bias
Black Knight’s new offering examines appraisal comps for bias
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Opinion: A unified approach for reducing appraisal bias
Opinion: A unified approach for reducing appraisal bias
Opinion: A unified approach for reducing appraisal bias
Opinion: A unified approach for reducing appraisal bias
housingwire housingwire | 1 year ago
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process. The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process. The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
Appraisal firm, loanDepot sued by Black couple for bias
Appraisal firm, loanDepot sued by Black couple for bias
Appraisal firm, loanDepot sued by Black couple for bias
Appraisal firm, loanDepot sued by Black couple for bias
housingwire housingwire | 1 year ago
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
Commercial Appraisal Reports: How Much Do They Cost?
Commercial Appraisal Reports: How Much Do They Cost?
Commercial Appraisal Reports: How Much Do They Cost?
Commercial Appraisal Reports: How Much Do They Cost?
appraisersblogs appraisersblogs | 1 year ago
Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment...
Every business that owns a commercial property will require an appraisal. Commercial real estate transactions are the most common. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value. In contrast to residential properties such as single-family houses or condominiums, commercial appraisals estimate the value of stores, offices, hotels, apartment...
Sandra Thompson talks volatility, affordability challenges, appraisal bias and more
Sandra Thompson talks volatility, affordability challenges, appraisal bias and more
Sandra Thompson talks volatility, affordability challenges, appraisal bias and more
Sandra Thompson talks volatility, affordability challenges, appraisal bias and more
housingwire housingwire | 1 year ago
During a Q&A session at HousingWire Annual, Sandra Thompson addressed the volatile housing market, affordability challenges, GSE risk strategies, and much more. The post Sandra Thompson talks volatility, affordability challenges, appraisal bias and more appeared first on HousingWire.
During a Q&A session at HousingWire Annual, Sandra Thompson addressed the volatile housing market, affordability challenges, GSE risk strategies, and much more. The post Sandra Thompson talks volatility, affordability challenges, appraisal bias and more appeared first on HousingWire.
How Robotic Construction Technology is Being Used to Solve Both Present and Persistent Challenges
How Robotic Construction Technology is Being Used to Solve Both Present and Persistent Challenges
How Robotic Construction Technology is Being Used to Solve Both Present and Persistent Challenges
How Robotic Construction Technology is Being Used to Solve Both Present and Persistent Challenges
Engineering News-Record Engineering News-Rec... | 1 year ago
The COVID-19 health crisis has changed the way most businesses operate. For those in construction, it’s underscored the need to maintain safe and efficient operations under anything but typical conditions. 
The COVID-19 health crisis has changed the way most businesses operate. For those in construction, it’s underscored the need to maintain safe and efficient operations under anything but typical conditions.