StreetLinks National Appraisal Services addressed the anti-HVCC rhetoric dominating the media in recent weeks in a newsletter distributed to its national appraiser network. "A number of groups with self-serving opposition to the HVCC have flooded the media with distorted claims about appraisers and appraisal management companies to win sympathy toward reversing or placing a moratorium on the code," explained StreetLinks CEO Steve Haslam. "In their lobbying efforts, these groups have crossed the line and impugned the integrity of the thousands of highly professional and experienced appraisers we have the opportunity to work with every day. On behalf of reputable appraisers and lenders, I felt compelled to confront these errant claims and set the facts straight."
In the text, available in its entirety here, Haslam addresses many of the charges leveled at appraisal quality in the post-Home Valuation Code of Conduct (HVCC) environment. "Simply put, appraisers are providing unbiased reports with true and correct market adjustments, regardless of how they might affect the loan decision," explained Haslam. "That is the proper role of the appraiser. We have an over-supply of homes in many parts of the country and a growing number of foreclosures serving to depress home values. Lower appraisal valuations are the result - not the cause."
From its headquarters in Indianapolis, StreetLinks works with a network of over 15,000 licensed appraisers to provide nationwide appraisal management services. Each StreetLinks appraisal is completed following a certified arms-length, independent process, is hand-reviewed for quality and compliance with underwriting guidelines and carries a 100 percent warranty of appraisal quality.
For more information, visit www.streetlinks.com.