ARCHIVED BLOG POSTS
The HVCC arose out of a suit by the New York Attorney General against a major lender and an AMC (Appraisal Management Company). The resulting guidelines of HVCC essentially have forced all lenders to use AMC's. Go figure. This is lobbying at its worst. As the HVCC has taken hold, the result h...
Snow has arrived in Northwestern Michigan after a warm November devoid of the white stuff. Here west of Gaylord in the heart of the snowbelt, we've had over 3 feet during the past 10 days. Ski slopes are fully open and snowmobile trails are in good condition. Come up and enjoy during the upcom...
A rather recent product requested from appraisers is an Enhanced Field Review. These products are generally requested through AMC's for problem loans. They require a retroactive review based upon the date of the original appraisal which is typical procedure. But then, the appraiser is asked fo...