10/31/2022 in Media Coverage, Print & Online Coverage

New National Fair Housing Alliance framework seeks to advance fairness in lending (National Mortgage News)

The drive for fairness in automated decision making has been boosted by a new framework developed by the National Fair Housing Alliance, which can identify the underlying assumptions and limitations of algorithmic tools used in automated underwriting and risk-based pricing.

Designed for regulators, businesses, researchers and other stakeholders, the alliance’s Purpose, Process and Monitoring system examines automated models and produces recommendations to advance fairness and reduce privacy risks.

“NFHA’s PPM framework provides an equity-centered auditing solution at a time when policymakers and civil rights organizations are calling for fairness, accountability, transparency, explainability and interpretability,” said chief tech equity officer Michael Akinwumi.

National Mortgage News