FDIC Settles Case Against CoreLogic Valuation Services, fka eAppraiseIT, for Less than 10% of Its Original Demand

Call this one a loss for the FDIC. In May 2011, the Federal Deposition Insurance Corporation filed suit against CoreLogic Valuation Services, formerly known as eAppraiseIT, in connection with appraisal services managed by eAppraiseIT for failed lender Washington Mutual. The FDIC’s lawsuit at that time concerned 194 allegedly flawed appraisals (mainly, Read more…