United Wholesale Mortgage Sued

[Non Sequitur]

The lawsuit we’ve all been waiting for? Here’s one blogger’s take:

The Appraisal Industry Shakeup: Why Arnold v. Appraisal Nation is the Lawsuit We've Been Waiting For

Is the appraisal industry finally changing? Explore the Arnold v. Appraisal Nation lawsuit, the truth about AMC fee splitting, and why homeowners deserve full transparency. Discover the AAS Gold Standard.

www.advancedappraisalsolutions.net

 

[George Hatch]

^^^ pretty good writeup except they mischaracterize the 3rd party MBs as being "lenders", which they are not.
Also traffics in the idea that AMCs control the entire mortgage appraisal market, which they don't.,

 

[chad hampton]

Pretty accurate write up.

AMC don’t control the entire lending market. Only about 80%. Which is what revaa touted in their website up until a few years ago. When, I assume, someone (maybe even someone from this board) told them to get that the hell off their site.