Eric Collinsworth, co-owner of Appraisal Advisory Associates, LLC.
Eric Collinsworth, co-owner of Appraisal Advisory Associates, LLC, engages in a dialogue with Daniel regarding the ramifications of appraisal bias within the banking sector. Their conversation investigates various facets of the concept, including the examination of PAVE (Property Appraisal and Valuation Equity), the principles of appraisal equity, the objectives outlined by the PAVE task force, and the potential legal liability financial institutions may face for appraisal and valuation bias. Eric and Dan also explore current apprehensions pertaining to the evaluation of real property, culminating in an exploration of Reconsideration of Value (ROV). Their conversation encompasses strategies and measures that individuals and banks can adopt to ensure the appropriate assignment of property values.
The views expressed in the Banking Matters Podcast are those of the speakers and do not necessarily reflect the position of Bankers Alliance or its affiliates.*