US Appraisal Group Delivers HVCC Compliant Services
US Appraisal Group announces full compliance with the Home Valuation Code of Conduct (HVCC) for all residential appraisal services. Mortgage origination clients using US Appraisal Group are guaranteed compliance by May 1st with the following:
1. US Appraisal Group has written Policies and Procedures for HVCC.
2. Each report subject to the Code includes a Certificate of Compliance.
3. All orders are placed through a secure platform which ensures no communication between the lender and appraisers.
4. No estimate of value is provided to the appraisers.
5. The lender is unaware of the appraiser’s identity until the time of delivery.
6. Appraiser selection is performed at the sole discretion of US Appraisal Group and is based on performance metrics and geographical competency.
US Appraisal Group has extensively trained all staff to ensure HVCC compliance and is continually monitoring the licensing and the quality of appraisers, panel management and systems. Advanced technology is used to place orders and maintain security and data privacy standards.
All appraisals ordered through US Appraisal Group will certify that the appraisal report was ordered, assigned, processed, reviewed and completed in accordance with independent appraisal safeguards to prevent improper influences on appraisers in full compliance with HVCC. The certificate of compliance is provided with the appraisal report and included in the loan file.
For more information regarding HVCC compliance and US Appraisal Group, please contact Dione Spiteri at dns@usappraisalgroup.com.
About US Appraisal Group, Inc.: Established in 2003, US Appraisal Group is an appraisal solutions firm that works with the best real estate appraisers worldwide for commercial and residential client needs. Each client receives a complimentary analysis to determine the optimal way to handle their needs and a customized solution is built which helps clients be more efficient, save time and resources, and consolidate appraisal orders to one source. US Appraisal Group’s appraisers are the best in their respective markets and always produce quality reports that include sound analyses and well-documented reasoning. As a result, working with US has been known to dramatically increase public confidence in the appraisal profession.
