Trump administration ‘effectively disbands’ the PAVE task force
The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era PAVE task force.
Appraisals and Valuations
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Atlas VMS acquires appraisal order management platform
Atlas called the move a “significant step” in developing technology-driven solutions to better serve U.S. mortgage lenders and appraisal management companies (AMCs).
Trump’s assault on DEI hasn’t ended federal efforts to stop appraisal bias
While the Trump administration has rolled back many regulations around appraisal bias, some remain in place.
Class Valuation unveils appraisal review tool
The new tool offers licensed appraiser-led reviews of existing appraisal reports by incorporating automated valuation model technology.
Appraisal Institute executive accused of harassment withdraws from public appearances
The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a low profile.
Class Valuation names Chris Flynn chief data officer
In the newly created role, Flynn will oversee the company’s data strategy and use of analytics, AI and automation.
Former executive sues Appraisal Institute, alleging wrongful termination
A former Appraisal Institute executive is suing after she was allegedly fired for pushing back against incorrect exam results.
HUD rescinds appraisal review policies
Policies related to real estate appraisal appeals, or reconsiderations of value, have been rescinded by the Federal Housing Administration.
HomeVision, Restb.ai partner on AI in collateral underwriting
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.
Win some, lose some: Appraisers wrestle with the CFPB’s dismantling
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.