HVCC - Boots On The Ground Assesment

At first glance, the HVCC and the agreement that spawned it seem like an appraiser's dream. Both lead off with language regarding the need for sound appraisals produced free of any influence or coercion on the part of the lender or any other party. Perhaps for that reason, many appraisers initially applauded it. But, as is always the case with any governmental or even de facto regulation, the devil is in the details. And in this case, here at a la mode we believe the details create a misleading and dangerous environment for both borrowers and for appraisers.Read the whole story here