The Appraisal Institute is also working with policymakers on how to bolster fair housing programs and develop solutions to lending, underwriting and valuation challenges., the Real Estate Valuation Fairness and Improvement Act, legislation that would establish an interagency task force to analyze federal collateral underwriting standards and guidance, and provide resources for promoting diversity within the valuation profession.
Schley said, “My philosophy is the more people that you can have at the table, the more people that you can have working on a problem, the better solutions you’re going to have in the long term.” The scholarships cover the three entry-level courses required of appraisers. Recipients are matched with advisers who help them through the education and credentialing process.
“Achieving equity in homeownership and building generational wealth is challenging when the gatekeepers don’t reflect who we are or see the value in where we live,” said Marc Morial, president and CEO of the National Urban League. “We’re proud to help build a pipeline of diverse appraisers through ourRecruiting a new generation of appraisers doesn’t necessarily mean the industry is at a crossroads. Instead, it presents an opportunity to make inroads.
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