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Rocket Mortgage wins $10 million dismissal in 2012 lawsuit

Housing Wire

A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values. The latest ruling from the U.S

Mortgage 369
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Understanding The Reverse Mortgage Appraisal Process

AmeriMac

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Memorial Day Remember and Honor

Empire Appraisal Group

Need an Appraisal? Specializing in residential appraisals for listings, divorces, estate & Probate, bankruptcy, IRS Gift Tax, and much more. Broward County’s Leader in Home Appraisals since 2005. Call or text us today for a free quote (561) 441-9298. Serving Broward County for over 15 years.

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Happy Mothers Day

Empire Appraisal Group

Need an Appraisal? Specializing in residential appraisals for listings, divorces, estate & Probate, bankruptcy, IRS Gift Tax, and much more. Broward County’s Leader in Home Appraisals since 2005. Call or text us today for a free quote (561) 441-9298. Serving Broward County for over 15 years.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. Understanding reverse mortgages can be complex, but it essentially involves converting a portion of the home’s equity into usable cash.

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AVM Accuracy?

Appraisal Today

The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of home values. AVM software is built by humans who have inherent biases. Private Island on New York’s St.

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes! Nothing wrong with that.