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Legal trouble spots appraisers should know, avoid
Posted Date: Monday, March 26, 2018
How can appraisers stay out of the legal line of fire?
Valuation Review reached out to Franklin Law Group attorney Craig Capilla for some guidance appraisers can follow to remain both legal and compliant when mapping out valuation strategy.
Read on to learn what we were told.
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AI leads multitude of groups for change to bank regulation bill
Posted Date: Monday, March 19, 2018
The Appraisal Institute led nearly three dozen valuation organizations in applauding revisions to a bipartisan Senate bill.
The bill would roll back many post-financial-crisis banking rules found in the Dodd-Frank Act.
Read on to learn more and what specifics were pointed out in a letter by these organizations to Chairman Mike Crapo of the Committee on Banking, Housing and Urban Affairs.
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HouseCanary wins $706.2 million case against Amrock
Posted Date: Wednesday, March 21, 2018
A Bexar County, Texas jury awarded HouseCanary a $706.2 million verdict, saying that Amrock Inc. had misappropriated HouseCanary’s technology for real estate valuation and appraisal analytics.
The verdict included $235 million in damages for misappropriation and $471 million more in punitive damages.
Read on for details of the case and reaction from both sides, including news of an expected appeal.
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FTC cites CoreLogic for lapse in data sharing
Posted Date: Wednesday, March 21, 2018
The Federal Trade Commission announced that it will modify an order entered in 2014 against CoreLogic, Inc. after it alleged the company did not share information from DataQuick in a timely manner.
The company was ordered to do so when it bought DataQuick in 2014.
Read on to learn more.
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Lenders One celebrates monumental achievements
Posted Date: Wednesday, March 21, 2018
The Lenders One Cooperative announced several milestones. The cooperative had its strongest year of new membership growth, adding 31 new members during 2017, while also receiving over $2.8 million of dividends over the course of the year and an additional $600,000 in returns on their dues under the Engagement Returns program. Read on to find out more impressive feats from this company and how it can impact appraisers.
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AI: Outdoor home improvements add value
Posted Date: Wednesday, March 28, 2018
First impressions can make a big difference.
The Appraisal Institute is encouraging homeowners to prioritize outdoor renovation projects when seeking to increase their potential return on investment, according to a release from the organization.
Read on to learn more.
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Valuation Partners names VP
Posted Date: Wednesday, March 28, 2018
Valuation Partners has hired a new vice president of the company’s Southeast U.S. region. Read on to learn the identity of this new executive.
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Hilco Valuation Services appoints new executive
Posted Date: Wednesday, March 7, 2018
Hilco Valuation Services announced the appointment of one of its directors to vice president of business development for the Midwest Region of the United States, supporting the valuation, monetization and advisory platforms. Read on to find out who the company appointed and what the responsibilities of the position will be.
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Company files offering for appraisal report
Posted Date: Wednesday, March 21, 2018
Ziyen Inc. filed a 253G2 update to Ziyen’s SEC filings for Ziyen Energy Division’s Technical Evaluation Appraisal Report for the Illinois Basin. Read on to learn more.
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Case against LandSafe granted class action status
Posted Date: Wednesday, March 28, 2018
The national law firm of Baron & Budd announced that it has secured a certified plaintiff class action federal lawsuit against Countrywide Financial Corp. and its successor, Bank of America. The case accuses the bank and appraisal firm, LandSafe Inc., of conducting “sham” appraisals to boost the number of loans originated by Countrywide. Read on to learn more about this case.
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MBA executive comments on company’s educational interviews
Posted Date: Monday, March 26, 2018
Venminder announced a new “Thought Leadership” interview series, an online resource to exclusive third party risk industry leaders. Read on to learn more about this opportunity and hear what the Mortgage Bankers Association has to say.
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More millennials qualifying, report says
Posted Date: Wednesday, March 28, 2018
According to the latest Ellie Mae Millennial Tracker, 67 percent of all closed loans by millennial borrowers were conventional, the highest percentage in two years. Read on to learn more from this report.
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Report: Owners, appraisers’ assessment of value gets closer
Posted Date: Wednesday, April 4, 2018
The trend of home value opinions from appraisers and owners moving ever-closer together resumed in February.
This analysis is taken from the national Quicken Loans Home Price Perception Index.
Read on to learn more from the report.
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Mortgage Network announces new loan plan
Posted Date: Wednesday, March 14, 2018
Mortgage Network Inc. announced a new Jumbo Renovation Loan program that enables homeowners to finance the purchase or refinance a home plus the costs of renovating it, all in one loan. Read on to learn more.
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Technology helps Texas appraisal district recapture revenues
Posted Date: Monday, March 26, 2018
Homestead Exemption Fraud Detection technology from LexisNexis Risk Solutions has helped the Webb County Appraisal District in Texas recapture more than $520,000 in new tax revenue that can be utilized by local governments to fund public services including emergency, educational, and other local social services. Read on to learn more.
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Tech company launches cybersecurity servicing practice
Posted Date: Wednesday, April 4, 2018
Richey May has launched a cybersecurity services practice to help lenders and servicers protect themselves against the growing risk of online fraud and data attacks. Read on to learn more.
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NAMB seeks ban of trigger leads
Posted Date: Monday, April 9, 2018
The National Association of Mortgage Brokers (NAMB) is seeking to ban the sale of trigger leads.
The NAMB has urged Congress to add appropriate legislative language to Bills H.R. 4028 and S. 1982.
Read on to learn more about this proposal.
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Mortgage Network names annual award winner
Posted Date: Monday, April 9, 2018
Mortgage Network, Inc. announced its “Mortgage Professional of the Year” by the Building Industry Association of Central South Carolina. Read on to find out who the recipient is.
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Appraisers to gather in Nashville
Posted Date: Wednesday, April 4, 2018
The 2018 National Association of Appraisers and Appraiser eLearning conference and trade show takes place April 7-10 at the Sheraton Music City Hotel in Nashville, TN.
Valuation Review will be in attendance speaking to some of the industry’s top experts who will share their insights on topics of interest and news items affecting appraisers and their businesses.
Read on for a small preview of the show’s events.
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Firm announces expanded development team
Posted Date: Wednesday, April 4, 2018
Commercial appraisal companies continue to broaden its horizons.
Gordon Brothers announced enhancements to its business development team within its valuation group across North America.
Read on to learn more.
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FHFA releases working paper for appraisers
Posted Date: Wednesday, April 4, 2018
The Federal Housing Finance Agency released a working paper for every appraiser, and anyone who relies on appraisals. Read on to learn more about this paper.
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Guaranteed Rate welcomes top originator
Posted Date: Wednesday, April 4, 2018
Guaranteed Rate announced that a new member will be joining its team. Read on to find out who this person is, and what duties he will be performing.
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