From time to time, Clearbox becomes aware of unusually bad behavior by appraisers that simply boggle the mind. As they say, “A few bad apples spoil the bunch.” Or as Shakespeare wrote, “The evil that men do lives after them”. The following article covers just one of the appraisers whose behavior caught the attention of law enforcement.
On May 22, 2015, Tyler Lowman, an appraiser, pled guilty to conspiring to commit wire fraud in an attempt to defraud and obtain money under false pretenses; United States v. Berkenfield, case number 11CR3486-JAH. The indictment lists Lowman as part of a vast conspiracy that fraudulently deceived lenders into loaning millions of dollars to unqualified borrowers.