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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. ” On Monday, the U.S.

Appraisal 511
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Reshaping appraisals: Jaro’s high-tech solutions innovate the appraisal process in an evolving real estate market

Housing Wire

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro stands tall as the only end-to-end appraisal platform on the market. Low transaction volumes may soon be a thing of the past.

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Home-price growth is cooling, leading to appraisal challenges

Housing Wire

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024.

Appraisal 397
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Appraiser at center of Rocket Mortgage lawsuit has license revoked

Housing Wire

The Colorado Board of Real Estate Appraisers executed a Stipulation and Final Agency Order for public censure, fines, and revocation of the license for Maksym Mykhailyna, according to an announcement in early January. Mykhailyna was the appraiser at the center of legal action by the U.S.

Appraisal 418
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The evolution and future of appraisal regulation 

Housing Wire

Title XI of FIRREA established a regulatory framework for appraisers to ensure credible and independent valuations in federally related transactions (FRTs). A crisis-driven regulatory legacy Despite FIRREAs implementation, the 2008 financial crisis underscored persistent issues within the appraisal industry.

Appraisal 346
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ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

The companies hope Restb.ai’s technology can help ClearValue’s appraisal review clients improve efficiency and quality control while also reducing costs. By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. The firm has partnered with Restb.ai In August 2023, Restb.ai

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Analysis of 2025 ASC Appraisal License Data

Appraisal Buzz

Using data from the Appraisal Subcommittees (ASC) Federal Registry, weve analyzed the licensing of real estate appraisers across the United States. Our analysis covers approximately 66,715 active appraisers holding over 91,000 licenses, examining certification types, geographic distribution, and licensing tenure. 5,242 19.1

Appraisal 284