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HOME VALUATION CODE OF CONDUCT(HVCC)
Effective May 1
st
, 2009, the following appraisal policy will be implemented for
Conventional loans
.
The Home Valuation Code of Conduct is intended to reinforce the home appraisal process and prohibits lenders from accepting an appraisal prepared by an appraiser that was ordered by a mortgage broker. However, brokers may initiate the appraisal process on a lender's behalf in accordance with arrangements made by the lender. Please see FNMA announcement for more information. (
HVCC Guidelines
)
To comply with all aspects of the Home Valuation Code of Conduct (HVCC), PMC Bancorp has now partnered with vendors:
Please follow the appraisal ordering instructions below
FOR
ALL CALIFORNIA
APPRAISAL ORDER,
TO LOG ON
If you are a first time user, you must first register at www.gbamc.com
(
video link
)
Create an Account and Place an Order Guide
Appraisal Fee Schedule
Appraisal Process Flow
For appraisal status, please email
cs@gbamc.com
or call 626-410-7575.
FOR
OTHER STATES
APPRAISAL ORDER,
TO LOG ON
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COPYRIGHT © 2005-2008 PMC Bancorp. ALL RIGHTS RESERVED. LENDER LICENSING/EQUAL HOUSING LENDER
PMC Bancorp is not a chartered bank or trust company, or depository institution.
It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority.