What Lagow learned was that Countrywide wanted to make loans whatever the collateral was worth.
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Lagow had filed a suit against his former employer, subprime mortgage lender Countrywide Financial, alleging appraisal fraud.
Lagow also spotted trouble with a joint venture Countrywide had with homebuilder KB Home , according to his suit.
Lagow's job was to hire and train new staff appraisers in multiple states.
The settlement has brought Lagow financial security and a measure of redemption.
"You have to sit there in silence, and you just get up every day and beat your head against the wall, " Lagow, 50, said in a recent interview.
Lagow, who speaks with the drawl of his native Texas, ran his own appraisal company for 14 years before Countrywide offered him a job with more growth potential in 2004 at a unit called LandSafe Inc.
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