Inside the AMC Lawsuit: With Trial Attorney Alec Schultz
About this episode
Dan Lindeman interviews trial attorney Alec Schultz about a class action lawsuit against appraisal management companies and its implications for consumer protection.
In this episode of Brews & Appraisal Views, Dan sits down with Miami trial attorney Alec Schultz, partner at Hilgers PLLC, to unpack a class action lawsuit targeting several AMCs and United Wholesale Mortgage. The conversation dives into allegations that appraisal management companies are collecting large portions of consumer appraisal fees while paying appraisers a fraction, often without clear disclosure to borrowers. Alec explains how the lawsuit argues violations of state consumer protection laws, negligent misrepresentation, and broader compliance issues tied to post-Dodd-Frank Wall Street Reform and Consumer Protection Act regulations. Dan brings the boots-on-the-ground perspective, sharing how fee compression affects quality, appraiser selection, and ultimately the consumer. It is a candid discussion about transparency, accountability, and whether this case could reshape the AMC model nationwide.
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