HousingWire Daily What Trump’s order to modernize appraisals will mean for housing
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Mar 20, 2026 Kenon Chen, EVP of Strategy and Growth at Clear Capital, is an appraisal and valuation tech leader advising on modernization. He discusses the new executive order’s appraisal laundry list and how pilots become policy. Conversation covers AI and AVMs, inspection-based and hybrid appraisals, lender choice and LTV thresholds, workforce shifts, UAD 3.6 readiness, and using the quiet period to modernize systems.
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Executive Order Confirms Continued Appraisal Modernization
- The executive order reiterated a longstanding push to digitize and modernize appraisals across administrations.
- Kenon Chen lists AVMs, desktops, hybrids, and AI as explicit targets, signaling continued industry evolution rather than a reversal.
Evaluate Proven Alternative Valuation Options Now
- Lenders who haven't adopted alternative valuation options should evaluate them now because policy and pilot success already exist.
- Kenon points to ACE Plus PDR and Fannie/Freddie risk-based products as proven options lenders can adopt.
AI Is Mature In AVMs But Entering A New Phase
- Machine learning has long improved AVM accuracy and computer vision for imagery extraction in valuation.
- Kenon highlights a new phase with LLMs and generative/agentic AI building on established ML gains.