Posted on: 13th Apr, 2009 11:43 am
Hi, I have a question about the new HVCC code that will be in effect this coming month.
I own an appraisal management company (PropertyRate Corporation) and it seems almost impossible to get any work from any lender because you have to be approved with the lender. My question is that isn't the HVCC code preventing lenders from having an approved list??? I've tried going through Wells Fargo and they told me they use RELS, I tried to go with Bank of America and they recently purchased countrywide and they use Landsafe (which is owned by Countrywide), another company is E-appraise?
Correct me if I'm wrong, but isn't the HVCC code supposed to be preventing these big companies from ordering appraisals internally?
Our company is family owned and we cover all 50 states, we have the software to be able to handle orders, but it seems that we have been hitting a roadblock and it obviously seems that we have to jump through hoops with these big companies.
I own an appraisal management company (PropertyRate Corporation) and it seems almost impossible to get any work from any lender because you have to be approved with the lender. My question is that isn't the HVCC code preventing lenders from having an approved list??? I've tried going through Wells Fargo and they told me they use RELS, I tried to go with Bank of America and they recently purchased countrywide and they use Landsafe (which is owned by Countrywide), another company is E-appraise?
Correct me if I'm wrong, but isn't the HVCC code supposed to be preventing these big companies from ordering appraisals internally?
Our company is family owned and we cover all 50 states, we have the software to be able to handle orders, but it seems that we have been hitting a roadblock and it obviously seems that we have to jump through hoops with these big companies.
Hi dexter ,
Welcome to our forum,
HVCC Code means Home Valuation Code of Conduct this is the full form of HVCC.
To HVCC an “Appraiser†needs at a minimum, licensed or certified & other required documents by the state in which the property to be appraised is located. That means Its also depends on your Country Or Location. So you need to tell me that, which is your country.
Thanks.
Welcome to our forum,
HVCC Code means Home Valuation Code of Conduct this is the full form of HVCC.
To HVCC an “Appraiser†needs at a minimum, licensed or certified & other required documents by the state in which the property to be appraised is located. That means Its also depends on your Country Or Location. So you need to tell me that, which is your country.
Thanks.
thank you for the reply. Our company is based in the state of California, USA. per my last message - we are an appraisal management company (AMC) and we are having a hard time talking to lenders on getting approval - who can we contact and how do we get approved? We have created a software that a lot of companies will find very useful in tracking all their appraisal orders.
Hi
I think you ought to contact an attorney as only he/she can interpret the codes of the HVCC and guide you the right way. If the companies are indeed flouting the codes of conduct, your lawyer would be able to tell what you can do to put an end to what the companies have been doing.
I think you ought to contact an attorney as only he/she can interpret the codes of the HVCC and guide you the right way. If the companies are indeed flouting the codes of conduct, your lawyer would be able to tell what you can do to put an end to what the companies have been doing.