TALCB - Appraisers Blogs https://appraisersblogs.com/tag/talcb/ Appraisal News and Tips for Real Estate Appraisers Fri, 03 Jan 2025 03:49:29 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 TALCB - Appraisers Blogs https://appraisersblogs.com/tag/talcb/ 32 32 52046035 The New & Improved Fannie Mae “FRAUDULATOR 2.0” https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud#comments Mon, 15 May 2023 12:30:53 +0000 https://appraisersblogs.com/?p=29449 Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). To be clear it is not limited to the Collateral Underwriter (CU & CU-2) software. The new Fraudulator (FU-2) combines the CU products with their numerous improper uses. The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects....

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]]> https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud/feed/ 42 29449 Fast Connections AMC Fined $2.8 Million https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/ https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/#comments Mon, 08 Jun 2020 12:30:16 +0000 http://appraisersblogs.com/?p=24014 Fast Connections USA, Inc. & its President, Towhindul Hussain, were found guilty of hundreds of violations… Well it must be true what they say… Don’t mess with Texas! The Texas Appraisal Licensing and Certification Board (TALCB) has issued a monetary fine of $2,801,500 against an appraisal management company. Fast Connections USA, Inc. and its President, Towhindul Hussain, were found guilty of hundreds of violations of Texas law and regulations. TALCB found Fast Connections contracted 274 appraisals in Texas without proper registration. These violations have a mandatory fine of $10,000 each. TALCB also found Fast Connections USA failed to pay appraisers...

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]]> https://appraisersblogs.com/fast-connections-amc-fined-2-8-million-dollars/feed/ 9 24014 Frivolous Complaints Against Appraisers https://appraisersblogs.com/TALCB-unfounded-complaints-against-appraisers https://appraisersblogs.com/TALCB-unfounded-complaints-against-appraisers#comments Wed, 12 Sep 2018 12:30:07 +0000 http://appraisersblogs.com/?p=19130 TALCB noted that roughly 70% of all complaints against appraisers are unfounded… The American Guild of Appraiser recently wrote to Texas Sunset Commission expressing member concerns and suggested solutions. We urge readers to copy, paste, edit and send their own comments – even out of state appraisers. Click here to send your comments. Posted AGA comments and concerns Appraiser complaints are allowed to be filed against appraiser by third parties that are not the clients. The appraiser has no recourse to these for recouping costs of defense. Third party complaints by non clients (agents; brokers, buyers, sellers) serve only to...

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