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Edcomm Banker’s Academy Updates Compliance Training Program to Include Recent HVCC Update
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Edcomm Banker?s Academy has updated its Compliance training program to include the
recent Home Valuation Code of Conduct (HVCC) update.
New York, NY July 01, 2009 -- Edcomm Banker?s Academy has updated its Compliance
training program to...
[Plus]
Edcomm Banker?s Academy has updated its Compliance training program to include the
recent Home Valuation Code of Conduct (HVCC) update.
New York, NY July 01, 2009 -- Edcomm Banker?s Academy has updated its Compliance
training program to include the recent Home Valuation Code of Conduct (HVCC)
update.
The Appraisal Regulations module of Focus on Compliance has been revised as
part of Edcomm Banker?s Academy?s commitment to providing the most up-to-date
financial services information.
The update to HVCC, implemented by Fannie Mae and Freddie Mac, builds on existing
Fannie Mae and Freddie Mac seller-servicer guidelines to increase the reliability
of appraisals for loans sold to the Enterprises for their portfolios or for
securitization.
The HVCC applies to lenders that sell single-family mortgage loans
to the Enterprises beginning May 1, 2009.
It will also help ensure that borrowers,
homebuyers and secondary mortgage market investors receive fair and independent
property valuations.
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valuation,
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