All mortgage loans purchased by Fannie Mae and Freddie Mac after January 1, 2009, will have to comply with the Home Valuation
Code of Conduct (HVCC). The HVCC establishes new requirements for Appraiser Independence. It also established the Independent
Valuation Protection Institute which will monitor and enforce the Agreement, with oversight by the Attorney General and OFHEO.
The HVCC requires complete insulation of the appraiser from those persons who have a financial interest in the successful closing of
a mortgage.
With an easy to use centralized Internet-based platform, the ESUSA Collateral Management System (CMS) streamlines mortgage processing
and complies with the HVCC by:
- automating appraisal ordering
- automating appraisal assignment (this ensures Appraiser Independence)
- automating appraisal tracking
- automating appraisal reviews, using FNC's GAAR®
- providing secure appraisal delivery
- helping lenders comply with provisions that will require them to report the results of quality control testing
Best of all, you can utilize the Equity Solutions CMS and comply with the HVCC without adding new employees and without building any
new systems. In fact, you will probably save both time and money by using ESUSA. The ESUSA platform also provides you quick and easy
access to AVMs, flood certifications, title products and closing services nationwide - everything you need in one location and as
paperless as you want it to be.
Using the ESUSA system, you can close more loans faster, increase your per-loan profits, and ensure regulatory compliance. Plus, you
get the benefits of working with the very best appraisers in the country.
