Category Archives: Member News

AMC being sued for Bifurcation

AMC being sued for Bifurcation! VaCAP was forwarded an article this afternoon by one of our members.  The article from Foreclosurepedia is dated August 15, 2018 and concerns a class action law suit filed by property inspectors. ServiceLink Field Services, a division of ServiceLink is being sued for misclassifying employees. From the complaint filed in… Read More »

Judge Orders Quicken and DOJ/ HUD to Mediation

Going on  over three years now, the  law suit between the Department of Justice and HUD against Quicken Loans was ordered to mediation to settle prior to the upcoming trial start date. The allegation that is the center of the lawsuit,  concerns  loans Quicken submitted to FHA that  did not comply with HUD/ FHA requirements.… Read More »

Proceed with Caution

VaCAP has been following the Clarocity Corporation Soap Opera since one of our members had trouble getting paid from them back in November of 2017.  After doing a bit more research on them, we issued a warning to our members in December 2017 to pay attention as Clarocity was in financial trouble. We kept watching… Read More »

Is it Really That Difficult?

The information is on the website… They could have picked up the phone and called… They could have sent an email… They could have sent a fax… Did They?   A recruiter for Mueller Services, Inc. (Mueller Reports) contacted a VaCAP member about joining their team as a W-2 employee to complete bifurcated appraisals. Our… Read More »

Breaking: LREAB vs FTC Decision is in!

The decision by the Fifth Circuit Court of Appeals has been released to the public. ” For the foregoing reasons, the petition is DISMISSED for lack of jurisdiction.” The way we understand the next step, the case will go back as an adminstrative proceeding through the FTC, See the nine page decision:  http://www.ca5.uscourts.gov/opinions/pub/18/18-60291-CV0.pdf   VaCAP… Read More »

Liar – Liar

The Consumer is Being Feed Yet Another Lie! Remember when we heard an Appraisal Waiver will save the borrower money? Do you recall all those videos from loan officers and mortgage companies encouraging borrowers to obtain an appraisal waiver to save them money?  News Flash –  they lied! But you all ready knew that. Well, … Read More »

Worthy of Reposting and Sharing

AppraisersBlogs has published an article this morning that is worthy of sharing.  The article highlights a reason lenders want automated values and not appraisers.  The reason may surprise you.   Check it out for yourself.  While you are there, please show AppraiserBlogs how much you appreciate their dedication to the profession by clicking a few Google… Read More »

Call to Action!

  Speak About Hybrid Appraisals at the VREAB Meeting Tomorrow! The Virginia Real Estate Appraisal Board meets tomorrow for its quarterly meeting. The meeting will take place at DPOR Offices, located at 9960 Mayland Dr, Richmond, VA 23233 @ 10:00 AM. The agenda can be found on the Townhall.  This meeting is important as hybrid… Read More »