Have you read Fannie Mae’s FAQ on the Home Valuation Code of Conduct (HVCC)?

fannie-mae-hvcc-faqSince the Home Valuation Code of Conduct (HVCC) went into effect on May 1, 2009, there has been quite a bit of confusion over who can now talk with appraisers. I won’t re-hash the entire gist here since I have posted previously about the subject, but I did want to post a link to Fannie Mae’s HVCC FAQ in case you have not seen it. This document may be helpful to home owners, loan officers, and real estate agents who are wondering about what type of communication is appropriate under HVCC (as well as other questions then answer).

Download Fannie Mae HVCC FAQ (PDF)

NOTE:  HVCC only impacts loans that are geared toward Fannie Mae or Freddie Mac. Appraisals for litigation, estate settlement, divorce, bankruptcy, and FHA, among other purposes, are NOT impacted at all by HVCC. In effect this means an appraiser like myself can regularly and ethically communicate with many clients during the normative course of the business day because HVCC only applies to certain facets of loan work.

www.SacramentoAppraisalBlog.com Have you read Fannie Mae’s FAQ on the Home Valuation Code of Conduct (HVCC)?


  1. […] The Big Idea: The idea with increased educational requirements seems to be to improve the quality of appraisers, which is probably a good move. Yet at the same time it is already an uphill battle to become an appraiser in California because of how difficult it is to find a mentor and work as an appraiser trainee. On top of this, it is an aging industry, which complicates things further. For reference, I attended an all-day class two weeks ago and only 1 out of 60+ appraisers in the room had a trainee (it used to be much more common). Moreover, the stat I keep hearing is that the pool of appraisers in California has shrunk from about 20,000 to 12,000 as a result of the carnage of the real estate bubble bursting and the mess of HVCC. […]

Leave a Reply

Your email address will not be published. Required fields are marked *