Appraisal Management Company Sued in Consumer Class Action Complaint

A consumer class action complaint has been filed against a lender and its AMC relating to the subject matter of a prior CFPB investigation and settlement. Last August, the Consumer Financial Protection Bureau (CFPB) announced that it had taken action against Amerisave Mortgage Corporation, its affiliated AMC Novo Appraisal Management Company, and one Read more…

Overtime Lawsuits Continue to Spread Among Valuation-Related Companies — Interthinx Becomes the Latest Defendant

First it was Integrated Asset Services.  In February, I wrote here about three employee overtime class actions affecting the Colorado AMC filed on behalf of “timeline managers,” “valuation managers” and “quality reviewers.”  Then it was LandSafe Appraisal.  In April, I wrote an article about a newly filed overtime lawsuit by Read more…

FDIC v. CoreLogic — Court Rules on eAppraiseIT’s Motions to Dismiss and Strike FDIC’s 1st Amended Complaint

Judge Carter ruled yesterday on eAppraiseIT’s motions attacking the FDIC’s First Amended Complaint in the lawsuit filed by the FDIC against CoreLogic/eAppraiseIT and their various affiliates on May 9, 2011.  eAppraiseIT’s Motion to Dismiss Count I — Breach of Contract Relating to Appraisals Delivered Prior to Signing of Formal Written Read more…