In Reverse smoothly as possible, especially in an atmosphere where regulations only get more complex with time. The same could be said about appraisal management companies and their appraisers, whose critical skills secure the best deals and the fairest prices for consumers. Their intense workloads in the past few years are only getting worse, but these important partners constantly adjust to make sure that appraisals are getting done on time and accurately. Those discussions are brought out in the article Appraising the Industry (p. 24). Writer Robert Bittner points out the problems and how these dedicated professionals sift through them, while also mentioning possible solutions in the form of legislative relief and changes in technologies. Compliance concerns are important every day of every year, but this year is expected to be particularly difficult, attorneys at the Venable law firm point out. The Biden administration has been ramping up enforcement efforts when it comes to fair lending, particularly digital redlining. Federal agencies have been coordinating among themselves, as well as with state attorneys general nationwide to clamp down on perceived violations of fair lending laws. The article Regulators Ramp Up Investigations (p. 28) takes a closer look at those initiatives and provides some tips on how to navigate inquiries. Targeted marketing campaigns are wonderful digital tools for increasing sales. However, if the programs are not set up properly, they can run afoul of regulations against discrimination. Federal agencies will be looking at the underlying algorithms to see if digital redlining is occurring. The experts expect that there will be a great increase in cases this year, as activist regulators make up for what they believe was lax enforcement under the previous administration. Meanwhile, 2022 is on track to rival the successes of last year. We will continue to monitor these and other developments, so you can best meet new challenges. In Reverse continued from page 3 4 REVERSE MORTGAGE / MARCH-APR I L 2022
RkJQdWJsaXNoZXIy MjQ1MzY1