Tag Archives: Lending

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 »

Important Info & Dates

February 5, 2019: This is the last day to submit comments to Federal Agencies concerning raising the minimum threshold for appraisals from $250,000 to $400,000. As of this writing, 275 comments have been received. Come up folks, there are 70,000 plus appraisers in this country, and less than 1% have commented. Please comment and encourage others… Read More »

Thank You Appraisers for Protecting the Public Good News! Mortgage Fraud increased 12.4% How exactly is this  good news?  Well, it is simple….. Appraisers had absolutely nothing to do with it!  According to the CoreLogic Mortgage Fraud Index,  mortgage fraud rose 12.4% from 2nd Qtr 2017 through 2nd Qtr 2018.  Here is the break down: … Read More »