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  #1  
Old 10-17-2009, 04:56 PM
Mike Kennedy's Avatar
Mike Kennedy Mike Kennedy is offline
 
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Location: Southern Hudson Valley
State: New York
Professional Status: Certified Residential Appraiser
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Exclamation Reminder- November- Hvcc Interim Complaint Forms

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 after that site becomes operational in November 2009."



http://www.freddiemac.com/singlefami...plaintForm.pdf
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  #2  
Old 10-17-2009, 05:10 PM
Randolph Kinney Randolph Kinney is offline
 
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Location: SoCal
State: California
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Default

Thanks for posting. Hopefully the IVPI site will be operational 11/01/2009 as they intended.

Any updates would be appreciated.

  #3  
Old 10-17-2009, 06:32 PM
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Flygirl 152 Flygirl 152 is offline
 
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Location: Northern California
State: California
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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  
Old 10-17-2009, 06:38 PM
LI-Appr LI-Appr is offline
 
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State: New York
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Quote:
Originally Posted by Deb Schuetz View Post
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?

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  
Old 10-20-2009, 10:07 AM
John Hassler John Hassler is offline
 
Join Date: Jul 2002
State: California
Professional Status: Certified Residential Appraiser
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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.
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  #6  
Old 10-20-2009, 10:58 AM
Mike Kennedy's Avatar
Mike Kennedy Mike Kennedy is offline
 
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State: New York
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Exclamation Update/ Correction

Quote:
Originally Posted by Randolph Kinney View Post
Thanks for posting. Hopefully the IVPI site will be operational 11/01/2009 as they intended.

Any updates would be appreciated.
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.
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  #7  
Old 10-20-2009, 01:24 PM
John Hassler John Hassler is offline
 
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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"
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  #8  
Old 10-20-2009, 04:09 PM
Marion Rhodes's Avatar
Marion Rhodes Marion Rhodes is offline
 
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Location: Poconos
State: Pennsylvania
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Posts: 11,270
Default 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



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  
Old 10-20-2009, 09:47 PM
smackodu smackodu is offline
 
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State: Maryland
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Default

Quote:
Originally Posted by John Hassler View Post
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"
You will only have to drop "Foot dragging on" Everything else can stay!
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