News Archive

AMC Reaches Goal, Drives Down Turnaround Times

Coester Appraisal Group, an appraisal management company (AMC) based in Gaithersburg, MD surpassed its goal of averaging less than 4 days total turnaround on appraisals nationally for two consecutive months. According to reports the firm averaged 3 days,19 hours,...
January 12, 2010

HVCC Update – from Boston, MA

Sam Schneiderman writes in Boston.com on his opinion of the Home Valuation Code of Conduct (HVCC) six months after it was implemented. In his review, Mr. Schneiderman discusses many of the concerns expressed by the National Association of Realtors...
December 1, 2009

NAR Announces Realtors Property Resource

The National Association of REALTORS (NAR) recently announced the creation of the Realtors Property Resource (RPR). The online real estate library will catalog every property in the United States. This initiative will provide access to a national database of...
November 16, 2009

FHA Appraisal Rules: Benefits of HVCC Without the Unintended Consequences?

National Mortgage News reports that the new Federal Housing Administration (FHA) appraisal rules may make HVCC – and appraisal management companies (AMC) – easier to cope with in the industry. While noting that the intent of HVCC was to...

Angie Questions Benefits of HVCC

Angie’s List Magazine published an article this past weekend expressing concerns with the Home Valuation Code of Conduct (HVCC). The article focuses on the impacts to the consumer, particularly around geographic competency and the increasing cost of the appraisal....
October 6, 2009

Same Home in Different Areas Means Different Value

CNNMoney today has an idea that should come as no surprise to many appraisers. If you have the same home in various parts of the country you will get different values for the home. They take the same 4-bedroom,...
September 23, 2009

FHA Enhances Credit Policies, Includes Appraisal Enhancements

Federal Housing Administration (FHA) Commissioner David H. Stevens announced plans to implement credit policy changes that will enhance the agency’s risk management functions. FHA will hire a Chief Risk Officer for the first time in the FHA’s history. Commissioner...
September 18, 2009

HVCC In the News – Carmicheal, CA

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August 31, 2009

AI Comments on Geographic Competency Issue

Jim Amorin, President of the Appraisal Institute, commented on appraisers who may be violating the Uniform Standards of Professional Appraisal Practice (USPAP) or other professional and ethical standards of appraisers. Mr. Amorin’s comments focused on geographic competency – an...
August 26, 2009

NY Times Continues HVCC Assault

Last week, the New York Times published an article “In Appraisal Shift, Lenders Gain Power and Critics” (you can read excerpts at Appraisal Scoop). Yesterday, the Times ran with what could be read as a logical extension of the...
August 24, 2009