Harris: We Will Now Require ‘Anti-Bias ... Training’ for Appraisers for Federal Programs

HARRIS: “Less than 5 percent of home appraisers in America are people of color. This lack of diversity can introduce both conscious and unconscious biases that make home appraisals less accurate and less fair. Our administration will now require those who conduct appraisals for federal programs must take part in anti-bias, fair housing, and fair lending training. (Applause) There are solutions — there are solutions. And we will work with the industry to require all appraisers to receive this training. We will also help expand the training pipeline for new appraisers. In many states, in addition to classroom learning, appraisers have to complete thousands of hours of apprenticeship like training before they become fully certified.”

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