Relevant:
2010-07-29 — mortgageorb.com
"Appraisal management companies (AMCs) have been around for a long time, but they became more prominent when the Home Valuation Code of Conduct (HVCC) rules were adopted by the government-sponsored enterprises. These rules were intended to provide a bumper between loan origination people – mainly, commissioned loan officers - and appraisers in order to avoid undue influence on valuations. Needless to say, the outcome deviated somewhat from the original plans."
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