Pamela Crowley and Mortgage Fraud Watch List being sued

According to Pamela Crowley's Mortgage Fraud Watch List


Pamela sent an "Open Letter To All Appraisers" today to alert them of her pending lawsuit with eAppraiseIT and to request their financial assistance. Download eAppraiseITvPamelaCrowley.pdf (18.1K) I've included the contents of her letter in the second half of this blog post.


The controversy centers around a claim by Pamela that eAppraiseIT is unlocking and changing security settings in appraisal reports that pass through them to lender clients.

Pamela Crowley provided this email quote from an exchange with eAppraiseIT:

Quote: "In response to Ms. Crowley's statement regarding unlocking the PDF file, I can state that we do add the eAppraiseIT watermark at the bottom of every page indicating that it was prepared on behalf of EA. This was a business and anti-fraud, risk avoidance decision made several years ago.

We discovered certain unethical appraisers, who were not on our panel, completing work for a few of our clients independently and without our supervision or approval and at the loan officer's request, stipulating it was an "eAppraiseit approved file". This created claims and liability issues for both the lender and eAppraiseit.

All of our clients, who are national lenders much like WAMU, know that if the watermark is not present it is not an eAppraiseit managed appraisal. They take great comfort in that. We do unlock the file to add the watermark. We do not edit the file's content.

Anthony R. Merlo, Jr.
President
eAppraiseIT, LLC.
12395 First American Way
Poway, CA. 92460"
End Quote


Better Appraisers has invited Pamela to join us and elaborate on this troubling issue she faces personally, but in a larger sense affects all appraisers and the public at large.


Go to BetterAppraisers.com for a link to her open letter and other information regarding this case.

More on this developing story shortly........