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| HOME VALUATION CODE OF CONDUCT(HVCC) |
Effective May 1st, 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:
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Please follow the appraisal ordering instructions below
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