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Five things you can do today to prepare for the HVCC.

Publication: Valuation Insights & Perspectives
Publication Date: 22-JUN-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Five things you can do today to prepare for the HVCC.(Industry Headlines)

Article Excerpt
The Appraisal Institute has issued a list of actions appraisers can do to review their business plan in light of the pending Home Valuation Code of Conduct, set to become effective at the beginning of the year. The list will grow once the official HVCC is released, but in the meantime, here are a few things to consider doing today to prepare for tomorrow.

1. Contact your clients. Ask your clients how they plan to implement the HVCC and what they are doing to prepare. After all, the HVCC is a set of rules for lenders who work with Fannie Mae and Freddie Mac, not appraisers, so if anyone is impacted by it, it's your clients. Speak with a range of clients, including banks,...

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