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NRMLA hosts ethics classes to boost lender education

National Mortgage Professional
Mar 23, 2009

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.
Published
Mar 23, 2009
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