residential appraisal: Understanding Residential Appraisal Protocols & HVCC Rules - 05/30/17 10:16 AM

Residential Appraisal protocols were significantly changed with the implementation of the Home Valuation Code of Conduct (HVCC).  Regardless of whether you are seeking an appraisal for a Conventional Loan, a Federal Housing Administration (FHA) Loan, or a Veterans Administration (VA) Loan, our Government has made it clear that separation between the Lender and the Appraiser is necessary to produce a non-biased appraisal report.
 
 
Prior to HVCC, there were several report incidents of alleged collusion between Lenders and Appraisers, to include:
Positive Reinforcement – Example: “If you can ‘bring in’ the value of the property high enough for the deal to work, I … (1 comments)

 
Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE (CMG Mortgage, San Diego, CA)

Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

San Diego, CA

More about me…

CMG Mortgage, San Diego, CA

Address: 11440 W. Bernardo Court, Ste. 300, San Diego, California, 92127

Mobile: 619-200-8031

Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon

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