In Efforts to help the American home buying consumer, the federal government, once again involved in private enterprise has come up with the Home Valuation Code of Conduct.
I can't say I"m a huge fan of the HVCC. I'm definately not a fan of outsourcing appraisals to appraisal management companies..especially since the largest one used to be owned by the nations 2nd largest mortgage company (corruption, anyone?). Plus as you'll see if you follow these links, HVCC affects appraiser's income. The last thing we need is to shorten up anyone's income in this economy, whether by taxation or changing more real estate finance guidelines.
Please see both of these links, first is for Think Big, Work Small. Some crazy industry pros that are just so tired of what has happened with our industry that they went viral:http://www.thinkbigworksmall.com/mypage/player/tbws/14538/1029238
And then, the HVCC Petition:
http://www.hvccpetition.com/
MA Mortgage Lender/Broker License #MC2011; Licensed by the NH Banking Dept Mortgage Loan Originator ID 40080
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