Reprinted with permission from AI

The Administration recently issued an Executive Order aimed at expanding access to mortgage credit and addressing housing affordability. The order directs federal financial regulators to review mortgage-related regulations that may affect credit availability—an effort that could lead to significant policy changes, including rules affecting real estate appraisal requirements.

The Appraisal Institute is closely monitoring these developments and engaging with policymakers as agencies begin reviewing existing regulations. In response to the Executive Order, Appraisal Institute President Michael J. Acquaro-Mignogna, MAI, SRA, AI-GRS, emphasized that independent appraisals remain a cornerstone of safe and sound mortgage lending while noting that appraisers are actively integrating new technologies, including artificial intelligence, to strengthen valuation analysis.

As regulators consider potential policy changes, engagement by the Appraisal Institute and its members will be critical to ensuring that reliable, independent property valuation remains central to the mortgage lending process.

Read President Acquaro-Mignogna’s full statement here.