hvcc: The top three problems with HVCC and with a solution at the end.
- 09/24/09 05:41 AM
1. Excessive Micro management of the appraisal industry. Now instead of sending a piece of paper directly to an appraiser; a third party company gets my order and sends it to an appraiser. This has increased turnaround times, cost, and quality of the appraisal. Appraisal Management Companies (AMC) are up charging for an appraisal without providing any real service. 2. Increased fees to borrowers. Did you know the fee for an appraisal has jumped from $400 to $525 overnight? How many borrowers have paid for 2-3 appraisals when 1 appraisal would have been sufficient? Every piece of legislation aims to decrease … (3 comments)
1. Excessive Micro management of the appraisal industry. Now instead of sending a piece of paper directly to an appraiser; a third party company gets my order and sends it to an appraiser. This has increased turnaround times, cost, and quality of the appraisal. Appraisal Management Companies (AMC) are up charging for an appraisal without providing any real service.
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