HVCC Compliance

Our service partner; Appraiserline.com offers full HVCC compliance. Chicago Appraisals channels all appraisals requiring HVCC compliance through the Appraiserline.com network- acting as a communication buffer.

 

There are two key components to a lender’s HVCC compliance. The first is the lender’s responsibility for assigning appraiser panel creation, ordering, and communication to someone in their office who is not compensated based on the closing of loans. The second is the technology that the lender chooses and the compliance features the technology offers.

 

Appraiserline.com offers a number of compliance features including:
- The tracking, ordering, and messaging between lender and appraiser in a printable log. You always know who had a hand in every appraisal that is ordered every step of the way – either electronically or on paper.
- With the use of anonymous geographic routing technology, the lender does not know who the appraisal order was placed with. Our appraiser panel is geographically diversified and the actual appraiser that is assigned to the order is unknown to the lender until the appraisal is delivered.

 

Foreclosure / REO

Chicago Appraisals understands loss and mitigation issues experienced by our mortgage lending and servicing clients. We handle the special dynamics of foreclosure appraisals with care. We are familiar with uncooperative homeowners, abandoned property, neglected care or damage to the property, etc.

 

FHA Approved

Naperville Appraisals has qualified and approved appraisers to conduct appraisals for FHA insured loans. Our FHA approved appraisers are trained and understand the rules and procedures in FHA's guidance and policy documents.

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