Tag Archives: AMCs

The Importance of being Earnest: Data Verification in Appraisal Compliance.

When the Home Valuation Code of Conduct (HVCC) was instituted, many lenders began outsourcing their appraisal procurement and other collateral valuation process to AMCs as they felt it was easier to stay in compliance using a third party.  Putting it simply, HVCC was intended to increase oversight and eliminate improper pressure and relationships between lenders and appraisers. Since the advent of the HVCC, now replaced by the very similar Appraiser… Continue reading

Posted in Appraising, FNC, GSE, Lending, Mortgage, Valuation | Tagged , , , , | 1 Comment

Recap: Effective Collateral Risk Management Panel at AI National Conference

Last month I mentioned that I attended the Appraisal Institute’s national conference in San Diego on Aug. 1-3. This month I will cover some interesting highlights from the panel discussion on Effective Collateral Risk Management. The panel moderator was Leland Trice, Principal, The Trice Group. The panel consisted of Danny Wiley, VP, Staff Appraiser Manager, LSI; Rick Foos, President, Foos & Associates; Ernie Durbin, Director of Valuation Technologies, Valuation Vision… Continue reading

Posted in Appraisal Institute, Appraising | Tagged , , , | Comments Off

Interesting, Even Alarming, News from SoCal Mortgage Market

The Appraisal Institute’s Southern California Chapter—the largest of its chapters in the country—hosted its 16th Annual Summer conference on Thursday, July 29, 2010. The chapter presented an excellent program of continuing education that was well attended by both residential and commercial appraisers.

Of particular interest to residential appraisers was a panel presentation—The Changing Role and Responsibilities of AMCs in the Current Marketplace. Panelists included Wes McDaniel, CoreLogic; Jeff Dickstein… Continue reading

Posted in Appraising | Tagged , , , , , | Comments Off