Opinions of Value

Your source for appraisal news and trends

Menu
  • Home
  • AI Resources
  • Education
  • Publications
  • Professional Practice
  • News
  • Advocacy
  • About Us
You are here: Home / 2021 President's Message / AI Submits Letter in Support of Fairness in Valuation Legislation

AI Submits Letter in Support of Fairness in Valuation Legislation

March 26, 2021 by Appraisal Institute Staff

The Appraisal Institute remains dedicated to its diversity, equity and inclusion efforts. In that spirit, AI is working with legislators to help bring more diversity in the appraisal profession. Learn more about that, and other timely updates, from the past month.

AI Submits Letter in Support of Fairness in Valuation Legislation

The Appraisal Institute on March 9 sent a letter to the House Committee on Financial Services expressing its support for the Real Estate Valuation Fairness and Improvement Act of 2021.

The legislation would establish an interagency task force to analyze federal collateral underwriting standards and guidance and provide resources for promoting diversity in the valuation profession. Diversity in appraisal is a major focus of the legislation, and it would provide vast financing resources for promoting greater diversity in the appraisal profession.

As you may know, the Appraisal Institute has been amplifying and accelerating internal initiatives and partnerships to bring about positive changes in this area, including improving diversity within the profession through the Appraiser Diversity Initiative in collaboration with Fannie Mae and the National Urban League, and with our Minorities and Women Course Scholarship Initiative. This legislation would give a boost to this priority.

The legislation attempts to tackle many lending, underwriting, and valuation challenges, while recognizing these issues cannot be addressed in isolation. The Appraisal Institute firmly believe that dealing with issues such as promoting liquidity in “lending deserts,” or collectively promoting sustainable development and financing, extends far beyond appraisal policy to include lender underwriting, loan approval, and agency and enterprise policies and procedures.

Read the letter.

Other News Around the Appraisal Institute

And here’s some other important news from the Appraisal Institute:

  • Don’t forget that the Appraisal Institute is accepting nominations for its J. Scott Robinson Lifetime Achievement Award, Outstanding Service Award and Women’s Initiative SPOTLIGHT Award. Nominations for all three awards are due May 31. Learn more (AI log-in and password required).  
  • The Appraisal Institute Education and Relief Foundation is seeking nominations from AI professionals for the Y.T. & Louise Lee Lum Award. AIERF is also seeking nominations from AI’s chapters and regions for the James H. Pritchett Award. Please email the name of the nominee and a letter of recommendation to aierf@appraisalinstitute.org. Chapters/regions can submit more than one nomination. Learn more about these awards. The submission deadline for both awards is April 23.
  • The Appraisal Institute continues to expand its social media activities. Be sure to follow AI on Facebook, Twitter, Linked In, YouTube, and its blog, Opinions of Value.

Filed Under: 2021 President's Message

Latest Posts

  • Give Back by Serving as an AI PAREA Mentor November 23, 2022
  • Make an Impact on the Valuation Profession October 28, 2022
  • Appraisal Bias: Taking Action, Leading the Conversation September 30, 2022
  • AI Taking Big Steps Toward Achieving Strategic Plan Goals August 26, 2022
  • Highlights from the 2022 Annual Conference August 4, 2022
  • Appraisal Institute Annual Conference Kicks Off Next Week July 29, 2022
  • Online Registration Closes Soon for 2022 Annual Conference June 24, 2022
  • Annual Conference Registration Now Open May 27, 2022
  • Keynote Speaker Announced for 2022 Annual Conference April 29, 2022
  • A Look Inside AI Education: Desktop Appraisals (Bifurcated, Hybrid) and Evaluations Seminar Preview April 21, 2022

Posts by topic

  • 2021 President's Message (8)
  • Appraisal Institute (2)
  • Appraisal Institute Annual Meeting (1)
  • Appraisal Institute blog (2)
  • Appraisers (2)
  • Bifurcated (1)
  • Bifurcated Appraisal (1)
  • desktop appraisals (1)
  • home appraisals (1)
  • home inspections (1)
  • Home Renovations (1)
  • technology and valuation (1)
  • testimony (1)
  • The Appraisal Institute (29)
    • 2022 Presidents Messages (3)
  • USPAP (1)

RSS AI News

  • Craig Steinley to Become President of Appraisal Institute on Jan. 1 December 19, 2022
  • Appraisal Institute Announces Resignation of CEO Jim Amorin November 17, 2022
  • Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation Magazine November 15, 2022

RSS Industry News

  • CRE Distress Market Unlikely to Materialize in 2023: Analysts January 25, 2023
  • Apartment Demand Negative for the First Time Since ’09: Data January 25, 2023
  • Office Vacancy Gap Expected to Widen This Year as Firms Seek Newer Properties: JLL January 25, 2023

Follow us

icon_youtubeicon_linkedinicon_twittericon_rssicon_facebook

About this blog

Opinions of Value provides the appraiser perspective on developments in the valuation profession, insight on legislative and regulatory issues and outlook on industry trends.
Terms of Use | Disclaimer | Guest Blogger Guidelines

Dotcomm Award

Copyright © 2023 · Genesis Child on Genesis Framework · WordPress · Log in