Business Valuation Zone

Search:

DAY

WEEK

MONTH

YEAR

Apr 27 - May 03

Apr 20 - Apr 26

Apr 13 - Apr 19

Apr 06 - Apr 12

MORE

MORE

MORE

MORE

Select your country:
Sign up | Log in

loandepot-appraisal-discrimination-settlement

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Lindsey

Appraisers Blog

MARCH 28, 2024

I actually think the 4th appraisal used a couple superior comps in terms of quality of construction and 3 car garages. Appraisal 1 and 3 seemed decent. In reply to CRAIG PREECE. Yeah I saw that too. A lot of smaller GLA comps were used though in comparison to the subject.

Appraisal Comps

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Scott

Appraisers Blog

MARCH 28, 2024

Is it at all possible that professors who teach about appraisal bias every day might be biased themselves? Connolly is the Herbert Baxter Adams Associate Professor of History, and Mott is an Africana studies instructor. When you are a hammer all you see are nails.

Join 8,000+

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Harvard Corporate Governance

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

Everyone please remember the difference between administrative review and appraisal review. Only an appraiser engaged for a specific task with a specifically formed scope of work alongside an applicable state license can provide actual report content review service which can be relied upon by intended users, or anyone else for that matter.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

Yet one could still not get around the fact that three out of four appraisers they may reach to ‘recreate’ the process, do not actually ever work for the same or any amc companies under similar terms and conditions of engagement. Must complete the report within 48 hours of inspection, must inspect within 24.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

Most people looking from the outside in have no clue how complicated the GSE’s imposition of MISMO & XML UAD requirements caused the specialized appraisal software to become. The learning curve takes years, it will take appraisers even longer to competently use new forms, than it took for the GSE tech staff to develop them.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

Because three out of four licensed appraisers refuse mortgage lending work due to the amc companies presence, and only half of all appraisers complete mortgage lending work, the other quarter, only if an amc is not involved. Yeah, that does not work though.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by John Ford

Appraisers Blog

APRIL 14, 2024

I”m pretty sure the appraisals in this case were debunked last year as being racially biased. If I remember correctly the original appraiser was African American. The original appraisal opinion of value was higher than a subsequent appraisal. I could also be thinking about a different case but the concept remains.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Honest Appraiser

Appraisers Blog

MARCH 28, 2024

This is one of the appraisal discrimination cases that has received significant attention among appraisers, the media & government agencies.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Will

Appraisers Blog

MARCH 29, 2024

This is one of the appraisal discrimination cases that has received significant attention among appraisers, the media & government agencies.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Will

Appraisers Blog

MARCH 28, 2024

This is one of the appraisal discrimination cases that has received significant attention among appraisers, the media & government agencies.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

If you have than any Appraiser can do the job. The borrower is the one hiring directly so they pay for it all and whatever the Appraiser asks. You are making way harder than it is. You can get your hands on a letter of engagement. They are not that hard. It’s not that hard.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

Bagging, I’m sang engage a 10 appraisers to complete market valuations on the same house with a week of each other. Pay the fee, whatever that fee is to engage 10 said appraisers. Just get ten appraiser to complete the task and see what the results are. In reply to Baggins.

Appraisal Marketability

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

That shouldn’t have any impact on what the appraiser does and the report quality. They will have thier day in court as does the appraiser. In reply to Scott. It was brought up that they are professors. So hopefully the Appriaser did thier job correctly.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

In reply to Spencer Paul. Your position is the same work quality is delivered, regardless of substantial differences in engagement terms and fee?

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

Peter was pointing out the overall issues is shotty appraisal work that leave more to the imagination than factual identification of the problem solving that is required in every appraisal assignment, of which was clearly missing the samples – but again, that was the point of sharing those.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Eric Kretz

Appraisers Blog

MARCH 28, 2024

The appraiser E & O policy holder prohibits the inclusion of the E & O declarations page to individual appraisals. A copy of the appraiser E & O is on file with the client/AMC. The compensation fee for this appraisal is $ _.00. In reply to Baggins.

Appraisal Compliance

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Kimberly DeFilippis

Appraisers Blog

MARCH 28, 2024

Those individuals who loudly shouted they required Obama phones and are now shouting for reparations also genuinely believe they have been targeted and harmed. The fact that the borrowers feel they were wronged does not support any factual evidence of same. This is another sociopolitical contrived divisive plan to split America. And it’s b t.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

In reply to Kimberly DeFilippis. In this case, we don’t know that yet. We have not been given privy to the information contained in the reports completed. We only have the complaint provided, nothing more, nothing less.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

Appraisers whom expect report confidentiality and use time saving cost cutting methods may want to reconsider how far and wide any and every appraisal report may reach.” I strip everything from the E&O documents to be compliant with my E&O, but seeing it like this is scary. ” I could not agree more.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

They hire appraiser’s to complete the work on GP forms with similar scopes of work to replicate the 1004 as much as possible. In reply to Baggins. I’m not suggesting they do this through the lender. This would be expensive, but workable.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

I would suggest to anyone that feels they have been racially discriminated against in any appraisal assignment, they need to complete no less that 5 assignments where ethnical and cultural “pieces” remain in place and another 5 appraisals with those same items removed.

Appraisal Marketability

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

The appraisal reports included are not from this Connelly/Motts v Lanham case. Is there any means that we can get those to review? In the ones that have been supplied, there seems to be little effort in completing due diligence and explanation of what was done and why. I’m glad I’m not having to defend such work.

Appraisal Comps

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 28, 2024

In reply to CRAIG PREECE. Yes it was, however the increase would be well outside of the norm, nationally speaking. In both cases the sample pools seem small, but within a reasonable distance from the subject. Granted I’m not licensed in this area, but things seem potentially off with both. I really want to seem all reports used in this claim.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

MARCH 29, 2024

This is one of the appraisal discrimination cases that has received significant attention among appraisers, the media & government agencies.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by CRAIG PREECE

Appraisers Blog

MARCH 28, 2024

i quickly looked, but isn’t the ‘whitewashed’ report almost a year later than the others? if so, not a surprise it came in higher 1

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Mary T Thompson

Appraisers Blog

MARCH 28, 2024

The appraisal report attached has some serious issues. Some of which maybe software issues. There are no basement adjustments where there should have been and I know that Wintotal messes up my basement adjustments regularly. I always have to double check them to make sure they are correct. Looks like GLA is not bracketed.

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Douglas Kuss

Appraisers Blog

APRIL 5, 2024

In the realm of real estate appraisal, the precision and defensibility of adjustments are paramount. It’s disconcerting to observe that none of the appraisals presented in this case exhibit any foundational support for their adjustments. You can’t argue with data.

Appraisal Data Analysis Marketability

article thumbnail

Comment on LoanDepot Appraisal Discrimination Settlement by Baggins

Appraisers Blog

MARCH 28, 2024

And just like that, any given appraisal can be out there for the whole world to see. The hybrid flex report should not be allowable, that is not an appraisal. Include overviews of MLS research so reviewers and readers have a clear understanding of research methodology, so they can review the same data the appraiser did.