lender pressure

Industry News

Industry News – Volume 17 States Fighting Back Ohio Attorney General Marc Dann has filed a lawsuit against 10 mortgage firms under the state’s new predatory lending law.  The firms are being accused of influencing appraisers to “puff up” their property appraisals above market value.  This has resulted in buyers owing more than the property’s… Read More

Reporting and Stopping Mortgage Fraud

Reporting and Stopping Mortgage Fraud by David Brauner Like many appraisers, Pamela Crowley is fed up with pressure from lenders to make a deal work. Unlike most, she is doing something about the problem that is working. And not only working for her but for the entire industry- appraisers and lenders. Crowley’s solution is the… Read More

Appraiser Blacklisting: Fighting Back

Appraiser Blacklisting: Fighting Back by Cary Barker, WRE Assistant Editor Blacklisting can do damage to your reputation, your bottom line and in some cases, your health- especially when you can’t get answers or help. Here’s how one appraiser, banned from the approved list of a large national lender, did get answers and ultimately, satisfaction- but not… Read More