Veros Real Estate Solutions recently released a study of its automated valuation model (AVM)— VeroVALUE AVM—that said there was no evidence of any racial bias. “This validation provides an important quality control check for lenders seeking tools to identify potential racial bias in home valuations,” the company claims.

“The study utilized neighborhood racial compositions to determine if a correlation existed between the percentage of Black, Hispanic, Asian and White populations and the number of properties in the area that were undervalued or overvalued by more than 15%,” it added.

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Erik Sherman

 

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