The Home Valuation Code of Conduct and Appraisals - 05/27/10 05:33 PM
As of May 1, 2009, Fannie Mae and Freddie Mac mortgages have been held to a specific standard for solicitation, compensation, selection, conflicts of interest and appraiser independence by the Home Valuation Code of Conduct (HVCC).  This means that REALTORS® and mortgage brokers are not allowed to select their own appraisers to help avoid any appearance of "stacking the deck" in favor of their client.
Lenders cannot use any of the loan production staff itself to select, retain, recommend or influence the appraiser selection process in any way.  They also may not be allowed to talk at any length with either an … (2 comments)

 
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Robin Husney

Marvin, NC

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Keller Williams Realty

Address: Charlotte, NC, 28277

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Robin Husney is a Broker and Realtor® in Charlotte, North Carolina who provides top-notch service whether you are buying, selling or relocating to the North Carolina area.

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