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    Posts Tagged ‘appraisers’

    FHA: Lenders can’t talk to appraisers (access required)

    by Becky Hurley Published: January 13,2010

    Tags: appraisers, FHA, HVCC, mortgage lenders

    The Federal Housing Administration will soon impose its own version of the Home Valuation Code of Conduct on its member mortgage lenders. HVCC legislation, passed last May, prohibits any discussion between mortgage company representatives and appraisers regarding home values. As a result, some appraisers are now forced to work through a middle man – appraisal [...] [...]

    Appraisers, lenders learning to deal with the middle man (access required)

    by Becky Hurley Published: April 17,2009

    Tags: appraisers, lenders

    Bill Park sees tough days ahead for appraisers who don’t have a lot of experience. The Home Valuation Code of Conduct requires communications between lenders and appraisers to take place through third parties, through HVCC-specific software or through non-loan related employees. The reform’s impact is unknown, but local appraisers are developing strategies to deal with [...] [...]

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