Lenders Allies AMC Negligent Conduct
Lenders Allies, LLC, an appraisal management company, has agreed to a consent order with the Texas Appraiser Licensing and Certification Board (TALCB). On May 1, 2019 Lenders Allies agreed to a final order neither admitting guilt or denying guilt of violations of Texas law. The case revolved around the investigation of a complaint against an appraiser, which then lead them to Lenders Allies. The appraiser completed 59 appraisals for Lenders Allies over a period of two years as an employee and at no time was the appraiser on Lenders Allies appraiser panel maintained by the TALCB. Was this an administrative oversight or an attempt to defraud TALCB? Only Lenders Allies will know the truth.
FTC vs LREAB: The Administrative Law Judge DENIED the FTC’s motion for partial summary judgement! This is a positive step for the Louisiana Appraisal Board. See the Judge’s order below and the entire case summary on the FTC’s website.
Excerpt from the Opinion and Order of the Commission
Fannie & Freddie Want Your Input! Fannie and Freddie have reached out to all stakeholder for feedback on the Uniform Appraisal Dataset as part of their “modernization” efforts. They are asking each appraiser to complete a survey that should take approximately 10-15 minutes. The survey is mainly multiple choice and at the end there is an opportunity to give additional feedback. Sadly, the field only allows 300 characters, so choose you words carefully in what you are trying to relay. If you really want to share more you can contact Fannie Mae directly. To take the survey, click here.