Real estate blog entries tagged with mortgage brokers can no longer order appraisals for fha loans by Mary Thompson Lake Lanier Appraiser in Georgia (LakeFrontPros.com)

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Home : Blogs : Mary Thompson Lake Lanier Appraiser in Georgia : Mary's Blog : Tag "mortgage brokers can no longer order appraisals for fha loans"

mortgage brokers can no longer order appraisals for fha loans: Huge FHA News!!! FHA IS ADOPTING HVCC AS OF JANUARY 1ST...GET READY FOR CHANGE! - 09/19/09 01:07 PM

Yes it is true, just yesterday, September 18th FHA sent out a Mortgagee Letter to all lenders that they are adopting HVCC in most of its current form.
By now most of you know about HVCC, if not please check my previous blogs on the subject. Fannie Mae adopted HVCC (Home Valuation Code of Conduct) on May 1st. as they wanted to insure appraiser independence. In short this means that mortgage brokers can no longer order appraisals from appraisers. It is now being handled by AMC's (Appraisal Management Companies) or the Banks directly. No production staff that is paid commission based upon … (65 comments)

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Mary Thompson Lake Lanier Appraiser in Georgia

Flowery Branch, GA

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Address: 5747 Garden Walk, Flowery Branch, Georgia, 30542

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