Mortgage Lenders Requiring Automated Valuation Model Appraisals (AVMs)

  • Posted by Thomas Conwell
  • On August 22, 2009
  • 0 Comments
  • appraisal, AVM, conforming mortgage, hvcc
In addition to the increase in the use of AVMs associated with the Home Valuation Code of Conduct (HVCC), we’re seeing a trend of conforming lenders requiring the submission of an AVM on the subject property.  The lender then uses the AVM to support the valuation, often in lieu of obtaining a full desk review.  If the AVM does not […]
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HVCC 18 Month Moratorium Bill Announced

  • Posted by Thomas Conwell
  • On July 2, 2009
  • 0 Comments
  • home valuation code of conduct, hvcc
House Introduces HVCC Legislation On Friday, June 26, Representatives Childers (D-MS) and Miller (R-CA) introduced H.R. 3044, a bill calling for an 18 month moratorium on the HVCC. NAMB President Marc Savitt, CRMS called the legislation a “victory for consumers and members of the industry alike. To view NAMB’s press release, click here. For a […]
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