http://www.realestateappraisertips.info/ - Realtors(R) Appraise HVCC Real Estate Appraisal System
Marketwire is reporting “Realtors(R) Appraise HVCC Appraisal System. Here’s the link to the article. And, here’s a snippet:
“SAN DIEGO, CA — (Marketwire) — 11/13/09 — Nearly one out of four Realtors® have reported that their clients have lost a sale since the Home Valuation Code of Conduct was implemented on May 1 of this year. Realtors® and other industry insiders examined the impact of these appraisal guidelines on the nation’s real estate recovery efforts today at the “Managing the Risks and Opportunities of the New Home Valuation Code of Conduct” session during the 2009 REALTORS® Conference & Expo.”
“Jacqueline Doty, Freddie Mac director of collateral risk management; and Robert Murphy, Fannie Mae senior business manager, credit policies and controls, agreed that ensuring appraisal quality was the ultimate goal. “The GSEs have had appraisal standards in place before the (HVCC) code, and we will have standards after the code,” Doty said. “Since the code was put into place, complaints about appraiser influence have decreased, and we believe the quality of appraisals has improved. Our goal is to ensure accurate appraisals that are neither too low nor too high.”"
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