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HVCC

We would like to know how you intend to handle the upcomming HVCC law, which can be viewed at http://www.freddiemac.com/singlefamily/pdf/122308_valuationcodeofconduct.pdf . Please select the answer that fits you best.

Are you aware that the HVCC prevents mortgage brokers from selecting the appraisers they use, citing that Appraisers have become too influenced by mortgage brokers to inflate values or commit fraud so the broker can get the deal done?

0% (0) Yes, and I believe that change is necessary.
0% (0) No, and I believe that change is necessary.
100% (1) Yes, and I do not believe that change is necessary.
0% (0) No, and I do not believe that change is necessary.

1 voters have answered this question.

Are you aware that Appraisal Management Companies will distribute appraisals based on the price the appraiser charges? For example, an appraiser that charges $200 for a file, will get more orders than an appraiser that charges $350 per file?

100% (1) Yes
0% (0) No

1 voters have answered this question.

If the HVCC were to be passed, would you:

0% (0) Retire from the business entirely.
0% (0) Stop doing appraisals for Fannie, Freddie and FHA loans, but continue to do private purpose appraisals.
100% (1) Sign up with as many Appraisal Management Companies as possible and reduce my fees.
0% (0) Sign up with as many Appraisal Management Companies as possible and keep my fees where they are, even if it means not getting any orders from the AMC.
0% (0) Continue to operate as I currently do.

1 voters have answered this question.

How many appraisals did you perform during the year 2008?

0% (0) 10 or less
0% (0) 11 to 20
0% (0) 21 to 30
0% (0) 31 to 40
0% (0) 41 to 50
0% (0) 51 to 60
0% (0) 61 to 70
0% (0) 71 to 80
0% (0) 81 to 90
0% (0) 91 to 100
100% (1) 100 to 150
0% (0) 150 to 200
0% (0) 200 or more

1 voters have answered this question.

What best describes your current role as an appraiser?

0% (0) I am not actively appraising, but I intend to keep my license active.
0% (0) I am not actively appraising, and I am not renewing my license as a result of a lack of business.
0% (0) I am not actively appraising, and I am not renewing my license as a result industry changes, such as the HVCC.
0% (0) I am not actively appraising, and I am not renewing my license for personal reasons.
100% (1) I am actively appraising and seeking new business.
0% (0) I am actively appraising but am not trying to increase my business.

1 voters have answered this question.

If the HVCC were to be passed and brokers could no longer select you, would you be willing to conduct desk review appraisals for CAREA, for a payment of $50.

100% (1) Yes
0% (0) No

1 voters have answered this question.

If the HVCC were to be passed, and brokers could no longer select you, would you be willing to conduct a 1004 appraisal for CAREA, for a payment of $320?

100% (1) Yes
0% (0) No

1 voters have answered this question.

This poll was created on 2009-02-03 13:57:40 by krussell00
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