Who are Mutual First, First Mutual Group and Savant Claims Management? Why Are They Suing Appraisers?

Mutual First Cases, 5-1-14 to Present Some appraisers are now being targeted in lawsuits by entities named “Mutual First, LLC” and “First Mutual Group LP.”  So far, they are behind the filing of about 40 lawsuits within the last year. They are not banks, credit unions or any kind of regular financial institutions. They are investment entities aiming to make money Read more…

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…

Navigators Insurance Company Sues Appraiser to Deny Coverage Under “Regulatory Claims”/FDIC Exclusion

Update: Navigators has sued three more appraisers to deny coverage under the same “regulatory claims” exclusion discussed in the post below.  The more recent lawsuits are discussed in this later post.  Yesterday, appraiser E&O provider Navigators Insurance Company filed a lawsuit in Florida against one of its own insured appraisers.  In Read more…