WASHINGTON, November 4, 2024 /PRNewswire/ — Review bias is increasingly in the spotlight as an issue that can marginalize diverse groups of people in their ability to interact fairly and equitably with the housing market. There is a general desire to combat bias, with some efforts focused on training and others on quality control. However, potential risk of bias can be difficult to identify quickly and clearly. Through AI-powered data analysis, we believe it is possible to determine whether assessments are produced fairly across different market areas and neighborhoods, with a focus on any troubling trends.
At ValueScape, we have developed our bias application over a long period of time, deliberately taking into account as much constructive feedback as possible from surveyors, fair housing associations, lenders, attorneys, property management companies appraisal and regulators including HUD, Fannie Mae, VA and the CFPB and other market participants such as appraisers, real estate agents and landlords. This process led us to develop a multi-faceted application based on advanced statistical analysis and AI, to arrive at a more in-depth, data-driven model than other solutions. Our application gives customers the ability to build trend models to accurately analyze their assessed population for disparate treatment across communities, and alert them of any concerns. The application provides powerful insights to the ROV process, giving it added value to customers.
This application is active with various customers who benefit from its use.
To unlock in-depth AI-driven analysis and trends that can help with your potential bias assessment, online quality control, and ROV processes, we invite you to download our white paper. Assessment Bias Indicator™.
About ValueScape
ValueScape is an award-winning artificial intelligence and data science company providing compliance management services to the housing and mortgage industries. ValueScape’s AI capabilities include advanced computer vision, machine learning algorithms, and large language models. ValueScape’s large and growing AI-enhanced real estate data sets, combined with our super computing resources, enable ValueScape to cover different use cases, including AI quality control review, Review Compliance, Peer Adjustment Comparison Analysis, Sales and Listing Analysis, AVMs, Property Preservation, and more.
For more information, please visit ValueScape.AI.
SOURCE ValueScape Analytics Inc.
YOU WANT THE NEWS OF YOUR COMPANY FEATURED ON PRNEWSWIRE.COM?
440,000+
Newsrooms and
Influencers
9k+
Digital media
Points of sale
270,000+
Journalists
Registration
