Quicken Loans - Appraisers Blogs https://appraisersblogs.com/tag/quicken-loans/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 03:56:51 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Quicken Loans - Appraisers Blogs https://appraisersblogs.com/tag/quicken-loans/ 32 32 52046035 Top DEI Bosses Have a Problem – Diversity https://appraisersblogs.com/top-dei-bosses-at-financial-institutions-have-a-problem-diversity https://appraisersblogs.com/top-dei-bosses-at-financial-institutions-have-a-problem-diversity#comments Tue, 15 Nov 2022 13:30:09 +0000 https://appraisersblogs.com/?p=28072 The ranks of the new DEI bosses at the financial institutions are no more diverse than the appraisers their institutions see as the enemy. If the lack of diversity of appraisers is inherently bad, how could the same not be said for the DEI bosses?  A full 93 percent of U.S. birdwatchers are white. Just 4 percent are African-American and a paltry 1 percent are Asian-American. Just 5 percent are Hispanic (which includes both blacks and whites). This was according to the U.S. Fish and Wildlife Service as reported in National Geographic a number of years ago. Another study found...

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]]> https://appraisersblogs.com/top-dei-bosses-at-financial-institutions-have-a-problem-diversity/feed/ 12 28072 Anti-Appraiser Agenda https://appraisersblogs.com/anti-appraiser-agenda-follow-the-money https://appraisersblogs.com/anti-appraiser-agenda-follow-the-money#comments Fri, 11 Mar 2022 13:30:00 +0000 https://appraisersblogs.com/?p=26434 Money may have been used to buy influence and promote the current anti-appraiser narrative being embraced by key public servants in the executive and legislative branches. TOOL MAY HELP APPRAISERS CONNECT DOTS TO UNRELENTING CHARACTER ATTACKS It’s reminiscent of a practice pioneered by Texas savings-and-loan kingpin Tom Gaubert in the 1980s. The idea was to have employees at his crumbling institution and those of his friends funnel a large number of small-dollar political donations to his buddy, Democratic House Speaker Jim Wright. The speaker, one of the most corrupt to hold the position (and that’s really saying something), spread the...

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]]> https://appraisersblogs.com/anti-appraiser-agenda-follow-the-money/feed/ 25 26434 Lenders Want to Eliminate DTI Cap! https://appraisersblogs.com/lenders-want-2-eliminate-DTI-cap https://appraisersblogs.com/lenders-want-2-eliminate-DTI-cap#comments Wed, 11 Sep 2019 12:30:02 +0000 https://appraisersblogs.com/?p=22698 No DTI CAPS – What could go wrong? Well, the insanity continues. HousingWire is reporting that a coalition of lenders and trade groups are calling on the CFPB to eliminate the debt to income cap on all qualified mortgages. Yes, you read that right. Lenders want to eliminate the debt to income cap to allow more loans to be originated. They claim by using alternative factors to determine risks, more low income borrowers can obtain a mortgage. Mortgage Bankers Association President and CEO Robert Broeksmit stated: With respect to the 43% DTI threshold, it makes little sense to commit to a rigid requirement...

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]]> https://appraisersblogs.com/lenders-want-2-eliminate-DTI-cap/feed/ 20 22698 Bringing Evaluations Under USPAP’s Umbrella https://appraisersblogs.com/evaluations-concept-paper-bringing-evaluations-under-USPAP-umbrella https://appraisersblogs.com/evaluations-concept-paper-bringing-evaluations-under-USPAP-umbrella#comments Fri, 06 Sep 2019 12:30:43 +0000 https://appraisersblogs.com/?p=22659 Evaluations: Concept Paper, Webinar, Public Meeting In early August, The Appraisal Foundation announced that the The Appraisal Standards Board would be considering adopting standards for evaluations in the Uniform Standards of Professional Appraisal Practice (USPAP). On September 3, 2019, they announced three opportunities to learn more and share your insights. Concept Paper The Appraisal Standards Board is seeking your feedback on the concept of developing standards for performing evaluations in USPAP. Submit your comments to ASBcomments@appraisalfoundation.org. The comment period closes on October 11, 2019. Read the evaluations concept paper here Webinar Wayne Miller, chair of the Appraisal Standards Board, and...

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]]> https://appraisersblogs.com/evaluations-concept-paper-bringing-evaluations-under-USPAP-umbrella/feed/ 5 22659 Expert Wants to “Eliminate” Appraisers https://appraisersblogs.com/response-2-mortgage-expert-2-eliminate-appraisers https://appraisersblogs.com/response-2-mortgage-expert-2-eliminate-appraisers#comments Mon, 07 Jan 2019 13:30:29 +0000 https://appraisersblogs.com/?p=20546 Mortgage Industry Expert Wants to “Eliminate” Appraisers – A Response The National Mortgage News website just published an interview with an industry expert who openly stated she wants to “eliminate” the appraisal profession. No subtlety, no nuance — she wants us gone! Given the name of the website, I didn’t expect to find too many pro-appraiser viewpoints. I ran a search for the term “appraiser” on the website’s internal search engine and many of the articles that came up were about eliminating the profession or the current state of appraisal waivers.…to “eliminate” the appraisal profession…   Rather than read the article...

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]]> https://appraisersblogs.com/response-2-mortgage-expert-2-eliminate-appraisers/feed/ 109 20546 Can you say ‘L-A-W-S-U-I-T’ boys and girls? https://appraisersblogs.com/amrock-valuations-flawed-program https://appraisersblogs.com/amrock-valuations-flawed-program#comments Thu, 02 Aug 2018 12:30:48 +0000 https://appraisersblogs.com/?p=18795 Fellow appraisers I strongly discourage anyone from accepting AMROCK Valuations work generally due to their poor track record in dealing with appraisers across the country; and their apparent habit of making up their own appraisal rules as they go along without regard to C&R fees; Dodd Frank and most other common sense sound appraisal practices up to and including USPAP. Y’all remember USPAP don’t you? A series of uniform rules we’d all follow to promote, preserve and protect the American real estate appraisal profession and the American Public. That is until it became an inconvenient impediment to MISMO; FNMA and...

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]]> https://appraisersblogs.com/amrock-valuations-flawed-program/feed/ 14 18795 AMCs & Lenders Fighting… https://appraisersblogs.com/amcs-lenders-trade-secrets-battles https://appraisersblogs.com/amcs-lenders-trade-secrets-battles#comments Wed, 16 May 2018 12:30:00 +0000 https://appraisersblogs.com/?p=18010 …Battles over alleged misappropriation of trade secrets relating to residential valuation technology and services… AMCs and Lenders Fighting Over Next Generation Valuation Products and Technology The residential valuation business for mortgage lenders has been taking big steps lately toward wide scale replacement of the historical Uniform Residential Appraisal Report (URAR or 1004) form used in mortgage lending. As this movement happens, some would-be providers of replacement valuation products (such as “hybrid” appraisals) and automated valuation models (AVMs) are fighting over technology turf and trade secrets. There are currently three big legal battles over alleged misappropriation of trade secrets relating to...

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]]> https://appraisersblogs.com/amcs-lenders-trade-secrets-battles/feed/ 16 18010 Ocwen Is In Trouble https://appraisersblogs.com/ocwen-trouble-more-business-4-appraisers https://appraisersblogs.com/ocwen-trouble-more-business-4-appraisers#comments Wed, 26 Apr 2017 12:30:42 +0000 https://appraisersblogs.com/?p=14238 Could Ocwen’s trouble mean more business for appraisers? Ocwen Financial is in trouble with 22 States and the Consumer Financial Protection Bureau. Some states have issued a Cease and Desist Order, others like South Dakota are telling it like it is: “Ocwen does not possess the competence, experience, character, or general fitness required to permit Ocwen to continue…” Could this mean more business for appraisers? Will these issues be found in other lenders? How will the Real Estate and mortgage market be impacted? Time will tell. In the meantime, read all about Ocwen’s trouble on HousingWire here. In Other News:...

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  • I Must Apologize; I Got it Wrong... Your employees did not come from Taco Bell, they delivered your pizza! In a recent New York Times article by…
  • Quit Doing This. Just Say NO! E&O coverage has nothing at all to do with underwriting mortgage loans... Do not include your E&O binder page in…

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]]> https://appraisersblogs.com/ocwen-trouble-more-business-4-appraisers/feed/ 3 14238 I Must Apologize; I Got it Wrong… https://appraisersblogs.com/quicken-loans-employees-background https://appraisersblogs.com/quicken-loans-employees-background#comments Wed, 19 Apr 2017 12:30:27 +0000 https://appraisersblogs.com/?p=14208 Your employees did not come from Taco Bell, they delivered your pizza! In a recent New York Times article by Julie Creswell on 01/21/2017, former executives of Quicken Loans confirm “many employees come in with little or no background in financial services. One employee joined after delivering pizzas to the Quicken Loans Offices”. No need to say anymore, that statement speaks volumes. The article titled “Quicken Loans, the New Mortgage Machine” is a tell all article, right down to the founder and Chairman Dan Gilbert’s physical altercation on a former colleague at a religious function, to his public tirade against LeBron James,...

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  • Consumers Overcharged by AMCs Excessive markups are common but consumers usually “know nothing about it”... The Chicago Tribune has published an article written by…
  • Details of the New AMC Law No paid lobbyist, just appraisers talking with the Senators and Delegates about the abuses of some AMCs... Governor McAuliffe signed…
  • AMCs Are Not Part of The Appraisal Profession Foreign entities do not get a voice in what legislation is introduced... Let's think about this with an open mind...…

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