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appraisal management companies: 8 Things You Need to Know About the Home Valuation Code of Conduct - 05/12/09 11:41 AM
Florida mortgage brokers and Realtors take note. We’re in full swing now with the new Form 1004MC - “MARKET CONDITIONS ADDENDUM to the APPRAISAL REPORT” - will be required on all Florida appraisal reports for single to 4-family home loans dated on or after April 1, 2009.  If you’ve still not heard about the Home Valuation Code of Conduct (HVCC) - which is tied to the competition of Form 1004 MC - it requires appraisers to provide more information about market trends, supply and demand, marketing times, prior listings, and the like.
There’s a lot to the HVCC, but at the … (3 comments)

appraisal management companies: Appraisal Management Companies: Yes Mr. Fox - We've Booked the Henhouse - 03/11/09 07:30 PM
Starting May 1st, third-party Appraisal Management Companies (AMCs) will be charged with eliminating pressure applied to appraisers by lenders - urging them to inflate housing values. Under the new Home Valuation Code of Conduct - drafted under the "supposed" watchful eye of James B. Lockhart (left), director of the Federal Housing Finance Agency, which oversees Fannie and Freddie - Florida lenders and Florida mortgage brokers will be prohibited from communicating directly with appraisers.  Instead, appraisals will be ordered via AMCs, who will farm the work out to appraisers they have either contracted or retained on staff.

Is it a Buffer? … (8 comments)

 

Kevin Sandridge - Winter Haven Mortgage Broker

Winter Haven, FL

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Signature Home Funding

Address: Winter Haven, FL, 33884

Office Phone: (863) 604-3019

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