Bob Murphy, appraisal company pioneer, dies; Investor pushes loanDepot to consider a sale

Robert “Bob” Murphy Jr., considered to be a pioneer in the growth of appraisal management companies, died on July 8. He was 83 years old, according to an online obituary. Murphy was the co-founder of Lenders Service Inc., a forerunner of today’s ServiceLink , and a company which was considered to be the first AMC. Sign up here to receive the National Mortgage News complete newsletter — delivered to your inbox daily. A minority shareholder at LoanDepot has called for the company to rethink its management and consider courting acquirers, citing concerns around a long period in which it has traded just above $1 per share.
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