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Appraisals & the HVCC ... Are You Frustrated With the Current Hassles?

     Appraisal issues continue to be a problem for competing Lenders, Banks, and Mortgage Brokers.  I receive calls from Attorneys and Realtors ... even Borrowers themselves (after the loan has not closed through a competing lender), asking, "What can you do to help this situation"?  Currently, this is happening more often that you would think ... or like.
     I definitely do not mind receiving phone calls or pleas for assistance regarding this issue.  I'm always happy to have a chance to help and also grow my business.  And, this is a problem where I think I hold a definite edge over many other lenders.  I am a Mortgage Banker through Chicago Bancorp ... and I retain some control over the appraisers we conduct business with.  A definite plus that pays off during the processing of a loan.
     But as a former Appraiser, I can tell you ... we are seeing issues of a nature that we have not faced prior to the passing of the HVCC ... and seeing them much more often.  We have been left to face a huge "fire-storm" of troubles with nothing but a fire-bucket of water with which to put it out.  In other words, when problems arise ... more

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