The Title / Appraisal Vendor Management Association has weighed in regarding HVCC. The report, written a over a week ago has gone under the radar as most things HVCC have. This topic just cann’t seem to get traction regardless of how important it might be.
If the GSEs implement the Code as currently drafted, it will cause a major
disruption in the lending community due to a serious interruption in appraisal services.
Such a disruption ultimately will increase consumers’ closing costs and their ability to
obtain financing in a timely manner, or at all.
Trace Richardson is the founder of LeadPress and an entrepreneur and consultant specializing in technology, web design and lead generation. He is a licensed California Real Estate broker and a former equities trader previously holding the Series 7, 63, 55 and 24 securities licenses.
