The Rules Have Changed

Federal bank, thrift and credit union regulatory agencies are nearing the release of new guidelines that reaffirm supervisory expectations for sound real estate appraisal and evaluation practices.

The principal elements of the guidelines include guidance for ensuring independence, individual competency, value development and reporting standards and an institutions’ collateral review function.

The proposed guidelines also provide guidance and expectations for risk management principles and control measures for institutions’ appraisal and evaluation programs.

Fannie Mae and Freddie Mac have each adopted the Home Valuation Code of Conduct (HVCC) for ensuring appraiser independence safeguards.

To meet current and proposed regulations, many lenders have outsourced their ‘collateral valuation program’ later to regret negative service experiences.

Others have set up costly in-house structures, which often still fail to satisfy the burdens of appraiser independence and requisite competence for valuations engagement and review.

We make it our business to remain up-to-date with the policies of Federal Agencies and HUD/FHA, as well as Federal and state level legislation.

Count on AppraisalBridge™ for reliable guidance today and for the years ahead.

What Customers Say

"Mark was a great business partner. He knows the appraisal business well, and I could always count on him for timely follow-up and thorough reviews of our appraisals. He has a desire to do business the right way and does not take short-cuts. A true professional."

Chad Clement, VP / Private Banking Officer, Bank of Kansas City

AppraisalBridge, LLC
200 NE Missouri Road
Suite 200
Lee's Summit, MO 64086

888-778-4442 Phone
888-778-4447 Fax
info@AppraisalBridge.com