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Reminder- November- Hvcc Interim Complaint Forms

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Mike Kennedy, Oct 17, 2009.

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  1. Mike Kennedy

    Mike Kennedy Elite Member

    342
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    PER FREDDIE'S ADVANCE NOTICE POSTED BY MS. DOTY @ FREDDIEMAC, THE INTERIM COMPLAINT PROCESS BEGINS IN 2 WEEKS.

    SUGGEST STOCKPILING......ONLY.......LEGITIMATE VIOLATIONS OF THE HVCC .......AND PREPARE TO SEND THEM.


    "The interim IVPI Complaint website will collect complaints from any party about non-compliance with the Code. This notice is to display the Complaint Form that will appear on the interim IVPI Complaint website. This Complaint Form is for demonstration only; it is not available to be used to file a complaint at this time.

    If you have a complaint about non-compliance with the Code, you may go to www.ivpicomplaint.org [FONT=Arial,Arial][FONT=Arial,Arial]after that site becomes operational in November 2009." [/FONT][/FONT][FONT=Arial,Arial]

    [/FONT]


    http://www.freddiemac.com/singlefamily/pdf/IVPI-HVCC.SampleComplaintForm.pdf
     
  2. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    227
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Thanks for posting. Hopefully the IVPI site will be operational 11/01/2009 as they intended.

    Any updates would be appreciated.
     
  3. Flygirl 152

    Flygirl 152 Senior Member

    0
    May 3, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Who are the players in the IVPI, this link still proposes that the IVPI has not yet been established. Who will we be complaining to?
     
  4. LI-Appr

    LI-Appr Senior Member

    0
    Nov 15, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    New York

    I agree. What and who make this" INDEPENDENT"? Is this just more smoke and mirrors from the GSEs.? Who are actually now GOEs. O for owned.
     
  5. John Hassler

    John Hassler Senior Member

    0
    Jul 23, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    From the HVCC:

    III. Appraiser Engagement

    A. The lender or any third party specifically authorized by the lender (including, but not limited to, appraisal companies, appraisal management companies, and correspondent lenders) shall be responsible for selecting, retaining, and providing for payment of all compensation to the appraiser.




    The HVCC specifically mentions who is responsible for payment of the appraisal. It would appear that this was of great significance to the drafters of the agreement. Therefore, every appraiser who have not been pain in a timely manner (ie per the terms of the engagement letter) should file a written complaint. Given how the HVCC went out of their way to note who is responsible, failure to provide payment would clearly appear to be a violation of the HVCC and make the loan ineligible for purchase by Fannie Mae and Freddie Mac.
     
  6. Mike Kennedy

    Mike Kennedy Elite Member

    342
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Update/ Correction

    UPDATE/Correction: I have been advised that the prior announcement stated "IN November"
    i.e. DURING November.


    It did not specify an actual Date. As of this advisory - there is no fixed date.
     
  7. John Hassler

    John Hassler Senior Member

    0
    Jul 23, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Looks like I'll be able to keep my tag line a bit longer.


    "Foot dragging on the IVPI is a good indicator that protecting the public is NOT a goal of the HVCC"
     
  8. Marion Rhodes

    Marion Rhodes Elite Member

    753
    Feb 26, 2006
    Professional Status:
    Certified General Appraiser
    State:
    Pennsylvania
    IVPI, Yeah right?

    http://ivpi.org/

    Welcome to IVPI.org
    The Future Hub of the Appraisal Industry


    Notice at the very bottom of the site, in tiny little letters it says:

    This domain is for sale
    service@ivpi.org

    m2:

    If you have complaints file them with the state boards in the states of the origination. If about AMC, file complaints with the state the AMC is located in. Keep copies for future, if ever, federal complaint board.
     
  9. smackodu

    smackodu Senior Member

    0
    Aug 5, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Maryland
    You will only have to drop "Foot dragging on" Everything else can stay!
     
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