Real estate blog entries tagged with appraisal ordering by Richard Smith FHA VA Rural Development in TN GA

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Home : Blogs : Richard Smith FHA VA Rural Development in TN GA : Richard's Real Estate Thoughts : Tag "appraisal ordering"

appraisal ordering: HVCC complaints - 05/01/09 02:22 PM

HVCC went into effect today. It is the new appraisal requirements negotiated by FNMA and FreddieMac with the New York Attorney General in settlement over a pending lawsuit. This pending law suit was being brought against a lender and an appraisal management group for alleged appraisal abuses.
So, to solve perceived problems with the appraisal process, it has been mandated for conventional loans that lenders and appraisal management companies control the appraisal process, separate from loan origination centers.
Several customers have already expressed concerns about the new appraisal process. I was writting a post describing how to communicate with the HVCC complaint department when I received an email from … (13 comments)

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Richard Smith FHA VA Rural Development in TN GA

Chattanooga, TN

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Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343

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