Overcoming appraisal bias has been an important piece of the Biden Administration’s housing policy, but how did we get here? We’ll explore the history of appraisal bias and how it fits into the larger picture of discrimination in mortgage finance, how public awareness of the issue grew, and the factors that make it a difficult problem to solve. After setting the stage, we’ll discuss what is being done to move the industry forward, and the potential for conflict between unbiased valuations and a marketplace in which potential buyers may allow bias to influence their decision making. Finally, we’ll discuss what your credit union needs to do in order to protect your members from bias, and how this is a critical component of enterprise risk management. Join ACUMA President Peter Benjamin, CMB and TrUnion Appraisal Services President/CEO Sally Carothers Tuesday, June 6 at 1:00 p.m. CT as they dissect this important issue.
