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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. ” On Monday, the U.S.

Appraisal 511
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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro stands tall as the only end-to-end appraisal platform on the market. Low transaction volumes may soon be a thing of the past.

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ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

to bring computer vision to its valuation review platform called Certainty. The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs. Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai

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Appraiser at center of Rocket Mortgage lawsuit has license revoked

Housing Wire

The Colorado Board of Real Estate Appraisers executed a Stipulation and Final Agency Order for public censure, fines, and revocation of the license for Maksym Mykhailyna, according to an announcement in early January. Mykhailyna was the appraiser at the center of legal action by the U.S.

Appraisal 418
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Home-price growth is cooling, leading to appraisal challenges

Housing Wire

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024.

Appraisal 397
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Class Valuation Acquires Appraisal Nation

Appraisal Buzz

Class Valuation , a national real estate appraisal management company (AMC), is acquiring Appraisal Nation , a Cary, North Carolina-based AMC specializing in valuation solutions for the private lending market. The post Class Valuation Acquires Appraisal Nation appeared first on MortgageOrb.

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AVMs and AI Hype: Keeping Appraisers at the Center of Valuation

Appraisal Buzz

In this episode, we sit down with Paul Chandler, a leading voice in the appraisal industry. As President of the Northern California Chapter of the Appraisal Institute and Chair of the Industry Advisory Council for the Appraisal Foundation, Paul is at the forefront of key industry discussions.

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