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

Housing Wire

The leading plaintiffs are two couples, Phillip and Sara Alig and Daniel and Roxanne Shea, who refinanced their mortgages in 2007 and 2008, respectively. Quicken Loans passed the value along to the appraisal company, which changed the home’s valuation from $122,500 to $125,500, the couple claimed.

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Stepping up the fight against fraud in mortgage lending

Housing Wire

In a pilot program we developed, a technology solution was able to successfully scan a small batch of loans to detect undisclosed property liabilities such as tax liens and child support/alimony payments. Banks have no choice but to honor these loans and, in the 2007 financial crisis, we saw the devastating consequences.

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Opinion: The risk in cutting FHA insurance premiums

Housing Wire

Appreciating the correlation between changes in HPA and reported MMI Fund portfolio valuations is the key to understanding how quickly the financial performance of the MMI portfolio can change. Department of Housing and Urban Development from 2019-2020 and FHA Commissioner to the George W. Department of Housing and Urban Development.

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Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders

Clear Capital

Our goal is to streamline different aspects of the valuation process, without introducing additional risk or compromise on accuracy,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. “So property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

769 InstaLend 766% 2015 A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow. Miami-based Marketwise Valuation Services , another AMC, was No. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. Source: Inc. Kairos was No.

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Understanding the Role of an Appraisal Management Company

AmeriMac

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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6 best Michigan real estate schools for 2024

Housing Wire

Visit Colibri Real Estate Overview In 2007, Colibri added real estate continuing education to its portfolio. What’s more, NCI excels at developing and presenting unique programs that maximize the ratio of instruction time to actionable results. Colibri Real Estate Best Michigan real estate school for affordability Overall Rating: 4.3