Wednesday, April 28, 2010

The HVCC is going to go away?

The answer is no, and it sickens me that, mostly Realtors, are the ones trying to spread this rumor around. It sickens me only because almost everything that comes out of the NAR's mouth is either completely naive or a downright lie (where is the government intervention into THEIR abuse of the people's trust?).  Even if what we call "the HVCC" changed names, the systems and policies would still be in place. What percentage of your appraisal orders come from AMC's that are not owned by the end lender itself? If you are like me, almost 100% of appraisals you do are for lender owned Appraisal Management Companies. That chunk of your fee the AMC took, who do you think ends up with that? Does anyone think that if the lenders are no longer legally obligated to use an AMC that they are going to give up the revenue stream?

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