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FFIEC issues statement of principles for examining appraisal and valuation bias

Housing Wire

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. Institutions are required to comply with laws and regulations, including anti-discrimination laws,” the statement read.

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Class Valuation acquires AMC Valuation Connect

Housing Wire

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Class Valuation has been on an acquisition spree. Terms of the deal were not disclosed. “We

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ICE unveils two new property valuation solutions

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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loanDepot settles appraisal bias lawsuit 

Housing Wire

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. But the company hasn’t admitted any fault.

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Valuation Modernization and Appraisers

Appraisal Buzz

Today’s Buzzcast interview is with Cristy Conolly, EVP of Valuation Modernization at Class Valuation. We sat down with Cristy and Joan Trice, Founder of Allterra Group, LLC, to discuss what’s currently happening in the appraisal industry and what we can expect in the future. What are the current market trends?

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Joan Trice sells Valuation Expo and Appraisal Buzz newsletter

Housing Wire

Education media publisher Appraiser eLearning (AEL) bought Valuation Expo and Appraisal Buzz from Joan Trice , who created the two entities about 20 years ago. The Maryland-headquartered Appraisal Buzz sends out newsletters two times a week, featuring articles and submissions from industry leaders, according to its website.

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Appraiser-Controlled Desktop and Remote Valuations

Appraisal Buzz

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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