Eugene Loan Guy

I have posted about the HVCC, Home Value Code of Conduct, in a recent post on Active Rain asking people to sign a petition to have this brain storm of a megalomaniac politician done away with. The HVCC requires the use of an appraisal management company for all conventional appraisals since May 1. This effects every real estate purchase and mortgage that is not government. When I posted it there, I did it as a member’s only post so it was only going to the Real Estate community because I thought they were the ones most affected by this affront to reputable appraisers and loan officers around the country.

I have since changed my mind about that. This program is effecting everyone that owns a home or wants to buy a home. Take a look at this video, I think you will see what I am talking about. BTW, I think they guys have had a bit too much caffeine before taping, but they make a very valid point. There is a link on this site also to sign a petition to do away with the HVCC. Please help get this done.

What I am hearing from my fellow loan officers is that the appraisals are taking longer, they cost more, there is no accountability if the values are wrong and no guarantee that the quality of the appraiser is what we are used to working with. If this isn’t stopped, I can see things in the Real Estate market getting worse before it gets better. Please sign the petition.

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