Home Valuation Code of Conduct
Effective Date is May 1, 2009. Lenders must represent and warrant that appraisals conducted in connection with single-family mortgage loans delivered to Fannie Mae and Freddie Mac, other than government-insured and -guaranteed loans, with application dates on or after May 1, 2009 conform to the Home Valuation Code of Conduct.
There is a related DocuTech "Verification of Receipt of Appraisal" form available by request for those lenders wishing to include a document for the borrower to either verify they have received the appraisal report no less than three days prior to closing, or acknowledge they wish to waive the requirement (Cx14078).
Lenders may view the revised Home Valuation Code of Conduct, along with the related FNMA announcement and FAQ page, on the Fannie Mae website.
The Code may also be viewed, along with the related FHLMC announcement and FAQ page, on the Freddie Mac website.
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- Layers of Compliance
- Compliance Resources
- Investors
- High Cost Loan & Predatory Lending Check
- Compliance Updates
- DocuTech RESPA Resources
Mortgage Compliance Updates - Mortgage Loan Docs
Financial Reform Is Just Around the Corner Document Imaging versus Electronic Document Management Risk-Based Pricing Notices New California Broker Higher-Priced Mortgage Loan Disclosure Lender's Look to Automate Loan Accuracy Bankers as Buyers 2010 Catching Up On the RESPA FAQs - Transfer Taxes DocuTech Provides Insight on E-Closings and Compliance Issue Using Worksheets In Initial Disclosure Packages New Rules for High Priced Loans Increase in Upfront Premiums for FHA Mortgage Insurance The Safe Act and State Licensed Originators New Model Privacy Notices Mortgage Compliance - Be Good and Lucky A Loan Closer's Nightmare Arkansas Disclosure and Certification VA Itemization of Origination Charge RESPA 2010 - Good Faith Estimate 801 Fee DocuTech Provides Full Service in NetOxygen Cirrus FHA Announces Policy Changes - Jan 2010 DocuTech Launches RESPA Resources Page HUD-1 Settlement Statement (Page 3) Revised NY Pre-Application Disclosure SC Mortgage Loan Originator Unique Identifier Addendum FHA Mortgage Loan Correspondent Disclosure Update to FNMA 1003, Cx4193 FHA 1% Origination Cap Removed Indiana Notice to Borrower New RESPA Documents ConformX - Update to FNMA 1008 Completing the New HUD-1 Settlement Statement Using the Correct Disclosure Package Revised FHA Informed Consumer Choice Disclosure Notice RESPA Reform: GFE Page Two Fast Food and Compliance Higher Priced Mortgage Loans Getting to Know the New Good Faith Estimate (Jan 2010) Prepare Now for January 2010 RESPA Changes Changes to Regulation Z - July 2009 Stay Compliant with Broker ID Laws eDisclosures - Sort Out the Mess Appraisal Integrity Legal and Mortgage Compliance Issues You Need to Know FHA Provides Guidance on New Mexico Security Instrument The Impact of Broker ID Laws Home Valuation Code of Conduct Effective Countrywide/Bank of America Update HVCC Verification of Receipt of Appraisal Form Freddie Bulletin 2008-4: Multiple Subjects The Future Is In Our Hands FHA Risk-Based Premiums Take a Break Changes to California Mortgage Loan Disclosure Statements The New HOEPA Rule - 2008 Housing and Economic Recovery Act - 2008 Rebuild After National Mortgage Crisis New Mortgage Legislation Effective July Courts Side With Borrowers Over Lenders Kentucky Emergency Rule (HB 552) Prepays FHA Mortgage Insurance Premium Calculations Kentucky Emergency Rule (HB 552) Home Foreclosure Blocked Due to Predatory Lending Violations HUD Proposes RESPA Reform 2008 California RE 885 Disclosure Massachusetts Borrower Counseling Disclosure Home Valuation Code of Conduct Proposed Regulation-Z Changes DC Adds New Disclosure For Non-Conventional Loans Conforming Loan Limits Increased Countrywide Interest Credit Clarification Maine Net Tangible Benefit Disclosure Up New Massachusetts Regulations Take Effect Maine Requires Net Tangible Benefit Form Colorado Emergency Prepay Rule MERS Requires Street Address on NY Docs Fred Gooch's Article in National Mortgage Professional“DocuTech has always been very responsive and very willing to work with us as a partnership rather than viewing us simply as a customer. When we were evaluating our technology systems and procedures, DocuTech stood out as a company we must continue to work with. ConformX is the solution that meets the needs of Pinnacle Financial.”
