Craig Steinley was voted out Wednesday by a two-thirds majority of the Institute's 28-member board, less than 2 weeks after an NYT exposé surfaced harassment and misconduct allegations
Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive's alleged sexual harassment of employees
Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20% down, with OK from federal regulator
Department of Justice alleges appraisal that erased $220K from Denver duplex's value discriminated against Black owner and thwarted her attempt to refinance at lower rates
The Appraisal Foundation will establish $1.22M scholarship fund to help aspiring appraisers get training and fulfill experience requirements said to have contributed to lack of diversity
'Barbarian' became a runaway hit in October, but the Airbnb-referencing horror flick also raises a thorny issue for agents: What rooms can be listed as part of a property's total square footage?
Released Wednesday morning, the 5-point plan seeks to arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry and leverage data for policymaking
The ethics rule in question, which some regulators argue doesn't clearly state that housing discrimination against protected classes is illegal, was contested by 8 federal agencies
Opinion
Appraisal Institute's president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right
Mortgage giant Freddie Mac's analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias
The service, UWM Appraisal Direct, will be optional and mortgage brokers will still have the option to choose from about 100 UWM-approved appraisal management companies
The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers will develop new training programs and review their codes of ethics
Be able to explain to your clients what's causing the delay
MLSs seen as key to standardizing and improving data available to homebuyers