Your mortgage complaint — delivered … on a platter, with ribbons

November 1, 2006

Somebody hasn’t been listening!

In the “company loves misery” department, Jim Duncan of Realcentralva.com notes that Ditech, the online mortgage giant, is now offering an instant online property value estimator. Um, wait a minute, wasn’t a large part of the NCRC complaint that mortgage brokers were using Zestimates to sell inflated mortgages to homebuyers?

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The tool, which appears to be a First American product, offered a rather wide range of values for a sample home:

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Surely Ditech has an NCRC-proof disclaimer?

Judge for yourself:

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Looks like an early Christmas gift for the NCRC lawyers. Pull out the Zillow complaint, make some photocopies, and drop if off at the FTC.

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Written by Kevin · Filed Under Ditech, First American Title, NCRC, Real estate, Zestimate, Zillow | 1 Comment