Legal Mortgage Appraisal Valuation 
Housing Wire
JANUARY 24, 2025
Rocket Mortgage has faced other legal activity over the last year. In June, HUD charged the lender, two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.The Department of Justice followed suit in October.
Housing Wire
APRIL 24, 2023
Because of rules put in place following the Great Financial Crisis, lenders subcontract the appraisal to third-party valuation companies, which are independent and provide a valuation that often determines whether the loan is funded. Lanham listed technical arguments for providing a valuation of $475,000.
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Housing Wire
MARCH 26, 2024
California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. The settlement requires loanDepot to implement enhancements to its mortgage appraisal policies and procedures within 120 days. But the company hasn’t admitted any fault.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. Really, appraisers have always thought this way.
Birmingham Appraisal
JUNE 7, 2023
Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.
Appraisal Hub
NOVEMBER 30, 2023
Appraisal companies in Toronto, such as Appraisal Hub Inc., They consider various factors like location, property condition, and recent sales of similar properties to provide a reliable valuation. Appraisal services in Toronto, like those offered by Appraisal Hub Inc., is a wise choice.
Appraisal Today
JUNE 28, 2024
The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. To read more, Click Here My comments: Worth reading.
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