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Loan Modification

: Mortgage Lender Implode-o-Meter

How HVCC Changed The Game For Appraisal Management Companies

By Implode-Explode Heavy Industries

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"Appraisal management companies (AMCs) have been around for a long time, but they became more prominent when the Home Valuation Code of Conduct (HVCC) rules were adopted by the government-sponsored enterprises. These rules were intended to provide a bumper between loan origination people ? mainly, commissioned loan officers - and appraisers in order to avoid undue influence on valuations. Needless to say, the outcome deviated somewhat from the original plans."

Full post as published by Mortgage Lender Implode-o-Meter on July 29, 2010 (boomark / email).

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