My New Blog

Well the HVCC is now firmly in effect.  By now you have all joined an AMC or establshed a recognized process of ordering appraisals.  Lenders, real estate agents, and of course appraisers are complaining because we have lost our long term relationships.  You still have solid influence over your fha files as those can still be ordered directly.  If you would like assistance in setting up a vehicle for ordering other products, contact us and we will help solve your problem.

It appears that in the near future fha will only be accepting applications for approved appraiser status form Certified appraisers.  There will be a future cutoff for acceptance of appraisals from Licensed level appraisers.  It looks like it will be late 2009 in California.  All this is new and could change.

The implementation of the HVCC which woul affect how you order appraisals and limit your contact with appraisers is going to be postponed.  This originally was an agreement between the Attorney General of New York and WAMU, but we know what happened to them.  So it is somewhat up in the air and some government agencies and banks are beginning to reisist it.