Mykhailyna, an appraiser in Denver, faced legal action from HUD and DOJ for allegedly biased home valuations, violating the Fair Housing Act. Despite his firm, Maverick Appraisal Group, employing unlicensed individuals for appraisals and misleading clients, he denied accountability. An investigation prompted license revocation against him. Rocket Mortgage sued HUD over the charges, claiming they are not responsible for the appraiser's actions due to arms-length legal stipulations. The Colorado Division of Real Estate assured diligent investigation and accountability for license law violations, emphasizing the importance of oversight in the appraisal industry.
Mykhailyna allegedly engaged in biased home valuation practices, leading to legal actions by HUD and DOJ for discrimination under the Fair Housing Act.
The investigation revealed Mykhailyna's firm employed unlicensed individuals for appraisal work, misleading clients, and failing to supervise licensed assistants.
The Colorado Division of Real Estate emphasized its commitment to holding licensees accountable for violations, ensuring thorough investigations are conducted.
Rocket Mortgage sued HUD, claiming the law's arms-length requirement absolves it from responsibility for an appraiser's actions in this case.
Collection
[
|
...
]