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Hve

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BRCJR

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Virginia
From what I understand, Freddie Mac to use their HVE for ALL refi's. I think this starts in July. If the HVE does not return a high enough confidence score an appraisal would be ordered by the sellers of the loan.
 

J Grant

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can post where you got that from? I have not seen an article on it
 

BRCJR

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Licensed Appraiser
State
Virginia
can post where you got that from? I have not seen an article on it
I got that from the Sr. VP of our Mortgage Division.
 

TRESinc

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HVE = home valuation expert? :)
 

J Grant

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Florida
seems if it were true it would be announced elsewhere? Unless that person has inside track knowledge...that is quite a radical change
 

BRCJR

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Professional Status
Licensed Appraiser
State
Virginia
seems if it were true it would be announced elsewhere? Unless that person has inside track knowledge...that is quite a radical change
I would "guess" they have knowledge of what Freddie Mac does and is planning to do. They sell our loans to Freddie Mac.
 

Mike Kennedy

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New York
HVE = home valuation expert? :)

  1. Freddie Mac Home Value Suite - CoreLogic
    sb_nortoncertified.png

    www.corelogic.com/landing-pages/freddie-mac-home-value-suite...
    The Home Value Suite from Freddie Mac offers intelligent valuation tools that help ... For more information and a sample HVE report, download the Freddie Mac ...
 

Amy Perkins

Senior Member
Joined
Jul 20, 2003
Professional Status
Certified Residential Appraiser
State
Tennessee
  1. Freddie Mac Home Value Suite - CoreLogic
    sb_nortoncertified.png

    www.corelogic.com/landing-pages/freddie-mac-home-value-suite...
    The Home Value Suite from Freddie Mac offers intelligent valuation tools that help ... For more information and a sample HVE report, download the Freddie Mac ...
Well maybe they just forgot that they got burned by all the AVMs. Some people never learn and are always looking for the cheap way out. The records here are so bad that they would overvalue all sorts of homes. There is no way that this would ever cut it in my market.
 

A K

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Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
That is some news.
 

Meandering

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Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Well maybe they just forgot that they got burned by all the AVMs. Some people never learn and are always looking for the cheap way out. The records here are so bad that they would overvalue all sorts of homes. There is no way that this would ever cut it in my market.

That's why they collect the data from appraisals.
 
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