Dear Client:

 

There are two options available for compliance with the HVCC/FHA appraisal ordering Federal Regulations:

 

1) order appraisals through an Appraisal Management Company such as SECONDOPINIONAPPRAISALS.COM GROUP, or,

 

2) create an in-house position of an Appraisal Manager.  That position must be completely separate from the lending division and that individual can only report to, or is responsible to the Head Compliance Officer.  The difference bewteen us SECONDOPINIONAPPRAISALS.COM and your in-house Appraisal Manager is your cost. 

 

Ordering Conventional and FHA Appraisals through SECONDOPINIONAPPRAISALS.COM GROUP will cost you nothing out of pocket. The appraisal fee (which the management portion is part of) is passed on entirely to the consumer.  With an in-house appraisal manager you do not have that option, and the salary/benefits are at your companies expense.

 

There would be no benefit with an in-house manager as they would not be able to manage the appraisal  process, manage the vendor files, and review the appraisals for a company your size without employing even more individuals at an even larger expense to you.  Being completely separate from the lending division, there would still be no communication between the processing/loan officer and the appraiser until after completion of the report, which is what the feds are mandating by HVCC and FHA appraisal ordering regulation and regulatory enforcement.

 

Most of the regional and national banks have already made the transition for several reasons.  The first is they wanted to have a full quarter of compliance under their belt.  Anytime a major change happens there will be some rough bumps in the road and it takes time to work them out.  We have witnessed complaints of too long turnaround time and appraiser lack of geographic experience.  This due to a limited number of AMCs.

 

SECONDOPINIONAPPRAISALS.COM GROUP has gone through the growing pains and is equipped with cutting edge technology, 24/7 on-line ordering, status and tracking and appraisers knowledgeable and competent of the coverage area of the property location.  NO APPRAISER TRAVELS GREATER THAN 50 MILES FROM HIS HOME BASE OF KNOWLEDGE AND EXPERIENCE.  We deliver 24-48* hour appraiser turnaround time because our appraisers know their area, are equipped with the Uniform Standards of Professional Appraisal Practice (USPAP) required general and specific information data base which allows our appraisers to complete an appraisal in a timely, but more importantly, COMPETENT MANNER.

 

If you are providing mortgage lending services in, New York, Connecticut, and New Jersey we commit to you a 48 hour turnaround time delivery service.  All other states require 72 hours minimum turnaround time, after property inspection.  All appointments, in all states, are made within 24 hours after receipt of the appraisal assignment.

 

Why pay an appraisal manager a salary, plus benefits, plus a sub-staff of accountants, appraisal reviewers and clerks to play telephone tag with appraisers, when you have at your fingertips and only a few keystrokes away a complete staff of appraisal managers, appraisers, appraisalreviewers, accountants and customer-client-borrower relations second to none.

 

Order your next HVCC and FHA Compliant Real Estate Appraisal with SECONDOPINIONAPPRAISALS.COM GROUP.  simply register at:

 

 

We look forward to being your all in one appraisal manager, absent the cost.

 

Sincerely,

 

 

Richard Greco

CEO