AVM stands for automated valuation model, a computer algorithm that uses available data to estimate a home’s value. Different AVMs might provide different estimates for the exact same home, depending ...
SANTA ANA, Calif.--(BUSINESS WIRE)--Automated Valuation Models, or AVMs, can be the solution needed to identify potential racial bias in home appraisals, according to a study released today by Veros ...
In today’s housing industry, logistical efficiency and attractive price points sit at the top of priority lists for both homebuyers and sellers. When it comes to a home’s price, all parties involved ...
Home mortgage lenders will have to meet a new set of standards designed to ensure that their tech-fueled appraisals don’t build in flaws that might produce faulty estimates or discriminate against ...
Pursuant to section 1473(q) of the Dodd-Frank Act, a group of federal agencies have proposed a quality control rule for automated valuation models (AVMs). The agencies are the Comptroller of the ...
SAN FRANCISCO--(BUSINESS WIRE)--HouseCanary, Inc. (“HouseCanary"), a national brokerage known for its real estate valuation technology and accuracy, today released the results of a study entitled ...
HouseCanary conducted study following September 2021 release of Fannie Mae report annie Mae’s report that found severe and systemic bias in property appraisals. HouseCanary Inc., a national brokerage ...
Combating appraisal bias has been a priority of the Biden administration, which convened an interagency task force last year to address how appraisals contribute to disparities in housing. On ...
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