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Appraisal Bias and the risk to your fair lending program

Question: 
How can appraisal bias effect my fair lending program? We use a third-party
Answer: 

The answer is simple – utilizing a third-party does not absolve your institution from fair lending risks. Their policy, procedures and processes can reflect poorly on your institution and the risk it creates is yours to bare.

First published on 12/15/2024

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