 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, is a focus, and causes confusion for a lot of companies. When you work with Coester you 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. It’s no longer just about HVCC compliance but more so about "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 make sure that you and your company are up to date and in compliance with the HVCC.
We not only understand the code but also 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 Institutereleased a sample compliant form for companies not in compliance with the HVCC. Sample Compliant
Don't risk your business! HVCC Compliance and having a company that can assist you and your company with compliance and compliance procedures is extremely important.
Information on HVCC:
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