The companies say the technology will improve appraisal accuracy, automate parts of the review process and help lenders, appraisal management companies (AMCs) and individual appraisers identify errors.
Appraisers have mixed feelings about the status of the Consumer Financial Protection Bureau. They welcome the end of the PAVE Task Force, but a potential closure means the agency won’t issue final rules in a fight against appraisal management companies.
As the Trump administration continues its crusade against diversity, equity and inclusion (DEI) initiatives, it appears that the Property Appraisal and Valuation Equity (PAVE) policies are being swept away amid a laundry list of actions.
NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space—including the MBA—comes close to matching, 990 filings reveal.