How Lenders Combat Appraisal Bias
How lenders can combat appraisal bias by Ashley Jelinek, Chief Operating Officer. April, 2023.Appraisal bias represents a significant source of regulatory, legal, and reputational risk to every mortgage lender. Here are the steps lenders can take to ensure their borrowers are getting fair and unbiased appraisals, and to protect themselves from the negative consequences of …