Frank-Dodd Options for Lenders (HVCC code is gone)
(Use these options to retain your own appraisal panel and not pay extra fees to AMC's. These options let the appraiser get paid properly for their work and does not cost you or your clients extra money that would go to AMC's for order taking. In fact, typically using these solutions will be cheaper than going through AMC's, Provide higher quality reports, provide faster turn-times, keep you in control, and cost less.)
If you're a mortgage loan officer or a mortgage broker who isn't allowed to order appraisals directly from an individual appraiser and are seeking an HVCC-compliant appraisal ordering system or service, I recommend using the Mercury Network for ordering HVCC-compliant appraisals. I'm already registered on Mercury Network, and it's the fastest, most compliant and effective way to order appraisals from me or any appraiser without overhauling your entire appraisal ordering process.
Because I'm already a Mercury Network member, after you complete your own Mercury Network profile, you can add me to your appraiser panel, if you choose to. Mercury Network's Intelligent Selection System (ISS) enables you to order appraisals "blind", based on pre-set ordering criteria so you can be confident you're ordering appraisals with complete HVCC-compliance. You'll also appreciate Mercury Network's pre-populated status message and text box-driven communications which provide you with an audit trail for each transaction. To order using Mercury Network, click here
