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Explore the Impact of Historical Redlining on AVM Estimates

Webinar | July 11, 2023 | 11:30 AM – 12 Noon Pacific

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Stakeholders in the housing industry have started to question whether any prejudice may be grounded in historical redlining practices. If so, are all property valuations biased due to historical redlining? Do Automated Valuation Models (AVMs) provide a distinct benefit when it comes to valuations?

Join Veros’ economists as they share the details of their research on the potential impact of historical redlining on the VeroVALUE AVM.

You will discover:

  • The history of redlining and its impact on minority communities
  • What an accurate and fair valuation means to the industry
  • The analysis performed on the VeroVALUE AVM
  • Recommendations to reduce the risk of valuation bias

Resources:

Speakers:
Photo of Marissa Loffler

Marissa Loffler

Your Host & Marketing Specialist

Marissa Loffler +
Marketing Specialist
Photo Eric Fox

Eric Fox

Chief Economist and Sr. Vice President of Data Modeling

Eric Fox, Chief Economist and Sr. Vice President of Data Modeling, provides expert leadership in predictive technologies, economic modeling methodologies, and collateral valuation forecasting. He brings more than 30 years of experience to his role, including statistical and econometric modeling, probabilistic life methodology development, statistical training, probabilistic design software development, and probabilistic financial analysis.

Fox has published more than 20 technical papers on probabilistic and statistical methods. He received his master's degree in statistics and a bachelor's degree in mathematics and economics from Purdue University.

Eric Fox +
Chief Economist and Sr. Vice President of Data Modeling
Photo of Jeffrey Hogan

Jeffrey Hogan

Vice President, Valuations

Jeff Hogan has over 30 years’ experience as a state-certified real estate appraiser. Jeff is our principal expert and leader for all matters related to residential property appraisals and valuation solutions. This includes the development and enhancement of our automated appraisal-scoring tools, analytic products, portals and systems. His responsibilities also include reviewing and analyzing real estate property valuation data, evaluating product performance, and recommending rule modifications.
Before joining Veros, Jeff was a senior reviewer appraiser for the Banc of California. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. He received his bachelor's degree from Cal State Fullerton University and his MBA from the University of Redlands. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

Jeffrey Hogan +
Vice President,
Valuations
Photo of Reena Agrawal

Reena Agrawal

Research Economist

Reena Agrawal received her PhD in Economics from Vanderbilt University and MA in Economics from The Ohio State University and has several years of industrial experience in economic research and analysis.

Reena Agrawal +
Research Economist

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