Items Tagged with 'Home valuation code of conduct'

ARTICLES

  • NJ Appraiser Counts Down to the End of HVCC

    All I can say is, thank God. Since the start of the HVCC, I have lost all my accounts, some I’ve had for over 20 years. I have been appraising residential properties since 1985 in the state of New Jersey, and my business is down about 78%, maybe more. Why do I have a license? Why do I have over 700 hours in continuing education?? I feel like I have wasted the last 25 years in this profession. This has not been fair. The appraisal management companies (AMC) are getting all the work. The professional real estate appraisers are being left out, and why?
    Read More
  • Flopping Valuations Right Under the Nose of the HVCC

    Way back in August 2009, HousingWire Magazine asked if the Home Valuation Code of Conduct (HVCC) would become a blueprint for disaster. Considering that this past Monday, the Mortgage Asset Research Institute (MARI) said reports of appraisal fraud are up 50%, the question is again front and center at mortgage industry water coolers. In 2008, MARI said suspected appraisal/valuation fraud stood at 22% of mortgage fraud reports. In 2009, that jumped to 33%.
    Read More
  • SharperLending Offers HVCC Compliance without AMCs

    [Update 1: Clarifies Matt Brannon's remarks on Appraisal Firewall's registered users] The Home Valuation Code of Conduct (HVCC) continues to be a hot-button issue with many complexities and confusions. While appraisal management companies (AMCs) are seen as one way lenders can become HVCC compliant, a number of software products are also on the market as an alternative method to attain compliance.
    Read More
  • FNC Software Updated for HVCC Compliance

    Oxford, Miss.-based mortgage software developer FNC added debit and credit processing services to its Collateral Management System software under a three-year contract with US Bancorp’s [stock USB][/stock] credit card processor unit Elavon.
    Read More
  • Freddie's HVCC Guidelines Stir Controversy

    Freddie Mac’s [stock FRE][/stock] implementation of the Home Valuation Code of Conduct (HVCC) is in its third month, but that hasn’t stopped critics and supporters both from voicing strong opinions about the new policy. Freddie Mac released a 10-page bulletin last week to reiterate its guidelines for income calculation, asset verification, liability calculation, appraisal quality and misrepresentation of occupancy.
    Read More