- First admit you are not infallible
- Relinquish control over the appraisal process
- Allow a power greater than yourselves, an independent agency, to lead the way
- Make a fearless moral inventory of your policies and practices
- Confess the gaps and weaknesses in UCDP and underwriting systems
- Cease being arrogant and reckless
- Establish a research fund for the study of collateral risk
- Fund scholarship programs for the training and education of appraisers to assist in the modernization of the appraisal process
- Be transparent
- Submit to audits of data integrity and model performance
- Vigorously support appraisal independence
- Acknowledge that collateral valuation matters
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