We read with interest a recent academic survey of mortgage brokers (published in European Business Journal in March 2015) on the perceived impact that appraisal management companies (AMCs) have on mortgage brokerage business. I’m sure you’re not surprised (we weren’t) to hear that mortgage brokers don’t like AMCs. Brokers in general believe that AMCs limit... Read more
Don’t fall into the dodgy appraisal fray
December 2, 2014
In today’s Wall Street Journal, an article titled “Dodgy Home Appraisals Make a Comeback” was front page news and created quite a stir online. The article references statements made by the Office of the Comptroller of the Currency (OCC) dating back to September 2013, when it summarized the results of lender examinations conducted...
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