 Appraisal Compliance is a must for all
companies originating loans and selling to Fannie Mae, Freddie Mac
or doing FHA Loans.
Understanding HVCC & FHA Compliance is extremely important
and is a focus and confusion for a lot of companies.
When you work with Coester you will
know that your appraisals are being done in full
compliance with the Home Valuation Code of Conduct as
well as all other appraisal independence regulations.
Its no longer just about HVCC compliance but more so
"Appraisal Compliance" as there are so many laws and
regulations in place preventing the production staff
or processing staff selecting or retaining an
appraiser.
 Fannie Mae, Freddie Mac and FHA mandate compliance with the
HVCC and having the latest news and updates on the
code is important to your business. At Coester we will
make sure you and your company are up to date and in
compliance with the HVCC.
We not only understand the code but are an advisor to the industry on HVCC Compliance. Our president Brian Coester is a speaker for
National Mortgage News on HVCC Compliance as well as a writer for the
Scotsman's Guide on HVCC Compliance.
We can help you and your company find the best
solution for you.
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Our 100% HVCC & FHA Compliance assurances:
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- Custom HVCC
Compliant certificate that can be included in the
reps and warrants and is used as assurance for authenticity
the appraisal was done in compliance.
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- Double Blind appraisal assignment
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- No estimated value indicated on the request to the appraiser and no influence of value.
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- Internal review and quality control procedures that ensure the appraisal is accurate and reflective of the subject's marketability and market value.
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- Prompt payment of the appraisal to the appraiser.
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- Appraisal Independence Hotline
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- Review of 10% or meaningful number of appraisals to assure appraisals are accurate.
Recently the
International Valuation Protection Institute
released a sample compliant form for companies not in
compliance with the HVCC.
Sample Compliant
Don't risk your business, HVCC Compliance is
extremely important to you and your business and
having a company that can assist you and your company
with compliance and compliance procedures
Information on HVCC:
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