Dart Appraisal extends partnership with Ellie Mae for new HVCC-compliant appraisal services programMortgagePress.comDart Appraisal, HVCC-Compliant Appraisal Services, Ellie Mae, appraisals, valuations
DartAppraisal.com, the Troy, Mich.-based provider of nationwide
residential real estate valuations, is expanding its ongoing
partnership with Ellie Mae. Ellie Mae is a leading provider of loan
processing software for mortgage bankers, brokers and other third
party originators.
Ellie Mae has announced its HVCC-Compliant Appraisal Services, a
new program designed to help banker, lender and broker clients
fully comply with the Home Valuation Code of Conduct (HVCC) that
goes into effect on May 1, 2009.
Several of the industry's most widely accepted and leading
appraisal management companies (AMC) have partnered with Ellie Mae
to participate in the HVCC-Compliant Appraisal Services program.
DartAppraisal.com is one of four AMCs participating who are already
integrated into the Ellie Mae network.
"The new program initiated by Ellie Mae, combined with the
pending HVCC regulations, will serve to elevate the level of
independence and transparency between appraisers and mortgage
brokers or lenders," said Darton Case, president of
DartAppraisal.com. "This independence will help to reduce
opportunities for bias throughout the industry. Furthermore, it
will serve to enforce the strict standards which DartAppraisal.com
already has in place and extend those same standards on this
platform."
"DartAppraisal.com acts as a firewall between the lender and the
appraiser," said Case. "Our licensed appraisers are experienced and
free from outside influence. Their reports are reviewed by our
quality control department, resulting in high-quality, independent
property appraisals. DartAppraisal.com is proud to have partnered
with Ellie Mae for more than four years to provide independent
property appraisals."
Fannie Mae, Freddie Mac and the Federal Housing Finance
Authority recently agreed on a revised code of conduct that aims to
improve the reliability of appraisals on mortgage loans purchased
by the two home funding companies. The amended home valuation
guidelines (HVCC), which go into effect May 1, 2009, seek to create
more independence for residential real estate appraisers, allowing
them to provide fair and accurate appraisals free from pressure by
lenders or brokers.
For more information, visit www.dartappraisal.com.
