Our National Network solves the problem of maintaining appraiser independence for lenders

The HVCC (Home Valuation Code of Conduct) mandates that lenders separate anyone on the sales side of the business (loan originators — the loan officers and loan processors) from appraisers, or that they put in place "prudent safeguards" or a third party (AMC) to ensure that a commissioned employee can't influence an appraiser.

The Answer is Paris Realty Appraisals

It may seem the obvious solution is to try to manage these procedures in house and dedicate one or many non-originating staff to manage the appraisal process only to see turn times and quality suffer.  Or you can employ the services of an appraisal management company (AMC) to act as a firewall between the loan origination staff and the appraiser.  In fact, many lenders prefer that level of separation which is practical and desired. 

Our network solves this problem by operating in a "double blind" mode that hides the identity of the appraiser and the lender, making it easy for the two to communicate while still maintaining HVCC compliance. We already have appraisers throughout the country ready to accept orders, and the appraiser selection system lets us take into account factors like turnaround time, percentage of orders selected, proximity to subject and more for maximum flexibility.

You'll also appreciate our audit trail of communications that ensures complete transparency during the entire process. Simply put: It's a solution that meets your needs as a lender.  Also, as the lender you can use a custom fee panel of your current appraisers or appraisers we have used and screened for quality, turn around time and geographic competence.

In addition to HVCC compliance, our network includes numerous time saving features to make the process of managing appraisal orders more efficient. One example is the delivery system used by the appraiser which incorporates a customizable set of review rules that run before the appraiser sends the report, thus increasing loan production staff efficiency with fewer resends.

To learn more about how our network uses technology to streamline your workflow and allows you to remain HVCC compliant, contact us at 732-297-5227.


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