Confidence and Protection
Simply the job of the appraiser is instill confidence within the lending platform. Hybrid appraisals utilize non professional people and AI models which are geared to the benefit of a particular lender or institution. It is the responsibility of the State institutions to regulate and protect its people from these eventual predatory systems of AI used only to fuel an out of control loan process with no accountability on the back end. It is in the interest of the State to protect the people and the confidence of the evaluations necessary in a loan transaction.