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StoicLane has plans to create an appraisal giant

Housing Wire

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

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Williston Financial Group’s MyHome acquires Volly

Housing Wire

Launched in 2004, 10 of the nation’s top 30 banks work with Volly. Volly’s services will be offered through WFG Enterprise Solutions, which provides customizable services, including appraisal management, valuation services, title and settlement services, sales enablement, and CRM tools, for lenders of all sizes.

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Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance

Appraisal Buzz

She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. The post Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance appeared first on Appraisal Buzz. Since then, she has advanced into processing, customer support and compliance roles.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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Supreme Court remands decision regarding appraisal values

Valuation Review

Supreme Court remanded to the United States Court of Appeals for the Fourth Circuit the class action lawsuit decided in favor of borrowers alleging tainted appraisals. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans, now Rocket Mortgage, originated from 2004 to 2009.

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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak

Appraisal Buzz

The Real House Price Index (RHPI) increased by nearly 27%, the fastest growth in the RHPI since 2004, says Mark Fleming, chief economist at First American. The post Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak appeared first on Appraisal Buzz. First American Financial Corp. There was a 21.7%

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