Comments on: DOJ Investigates Big Tech https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers Appraisal News and Tips for Real Estate Appraisers Wed, 20 Nov 2019 05:13:39 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: Mike Ford, AGA, GAA, RAA, SCGREA, Realtor® https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27326 Mon, 29 Jul 2019 23:47:21 +0000 http://appraisersblogs.com/?p=22453#comment-27326 In reply to Shaun Murphy Jr. on Facebook.

No ‘almost about’ Shaun. It IS fraud! Telling someone service is absolutely required, and that service costs a specific amount is one thing. Telling them that and then siphoning off 50%-60% of that fee for other purposes is a fraud!

Pretending automated QC ‘checks’ are an extra service a consumer must pay for is also fraud. The AMC is obligated by both state and federal law to INSURE they are delivering USPAP compliant reports to clients. That’s not an ‘extra service’…That is their job!

Then deceiving borrowers in their closing statements as to exactly what the money was spent on is a further, additional fraud. Lenders and AMCs with one size fit all fee quotes should be charged under RICO statutes imho.

]]> By: Baggins https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27323 Mon, 29 Jul 2019 23:28:49 +0000 http://appraisersblogs.com/?p=22453#comment-27323 Too many appraisers continue to support amc’s, so we won’t even be on the radar. Some of their primary focus points are likely to be online shopping consumer redirection and political censorship.

https://web.archive.org/web/20170915131555/http://www.duhaime.org/LegalDictionary/Category/AntitrustCompetitionLaw.aspx

]]> By: Shaun Murphy Jr. on Facebook https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27322 Mon, 29 Jul 2019 23:28:45 +0000 http://appraisersblogs.com/?p=22453#comment-27322 If this happens – I think this will make a lot of lenders go back to their private appraisal panels…

I cannot believe it has been legal for an AMC to hide their fees all these years..

It’s almost like fraud when you think about it

]]> By: Shaun Murphy Jr. on Facebook https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27321 Mon, 29 Jul 2019 23:26:52 +0000 http://appraisersblogs.com/?p=22453#comment-27321 I hope CoreLogic Goes Downnnnn !!!

]]> By: Mike Ford, AGA, GAA, RAA, SCGREA, Realtor® https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27316 Mon, 29 Jul 2019 22:12:17 +0000 http://appraisersblogs.com/?p=22453#comment-27316 We should keep posting contact points or case number information when known and ALL of us should be sending in examples of tech abuse.

Make sure to provide the highest level of tech influence. For example, CoreLaMode bought out by corelogic in orde r to further monopolize RE markets by controlling the data.

Appraisers should make this an investigatory bloodbath. FNMA and CU belong right up there with other Big Data hucksters and charlatans.

]]> By: SB https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27308 Mon, 29 Jul 2019 19:15:45 +0000 http://appraisersblogs.com/?p=22453#comment-27308 https://www.yelp.com/biz/opendoor-scottsdale?sort_by=date_desc

Opendoor should be in the DOJ Bullseye soon. Check out their “wonderful” reviews.

This is what happens when
SNOT NOSED COMPUTER GEEK WANNABEES
pose as real estate professionals.

They screw consumers.

]]> By: Anonymous https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27307 Mon, 29 Jul 2019 16:41:50 +0000 http://appraisersblogs.com/?p=22453#comment-27307 It’s free you don’t have to pay a lawyer, to have the laws enforced.

https://www.ftc.gov/faq/competition/report-antitrust-violation

]]> By: Kathy Hubbard Bright on Facebook https://appraisersblogs.com/doj-investigates-big-tech-atlantic1-amc-not-paying-appraisers/#comment-27306 Mon, 29 Jul 2019 14:38:21 +0000 http://appraisersblogs.com/?p=22453#comment-27306 DOJ is investigating CoreLogic. Documents were subpoenaed. No press at all. Hmmm.

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