Appraisal firm, loanDepot sued by Black couple for bias
Housing Wire
AUGUST 22, 2022
With average home sale prices in Baltimore having increased by about 25% since then, a loan officer at loanDepot told the couple that “we should be good” because the estimated value was “pretty conservative.”. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.
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