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Follow on Google News | FHA Appraisal Compliance is Right Around The CornerCoester Appraisal Group a nationwide appraisal management company is stressing the urgency of mortgage lenders taking a proactive approach to adopting FHA appraisal compliance guidelines set to take effect Feb 15, 2010.
By: Brian Coester This news should come as a relief for the mortgage community as FHA commissioner Dave Stephens who originally hired Coesters’ operations manager Frank Novak into the business over 20 years ago has made it very clear that “Any lender who refuses to comply with FHA requirements will simply no longer enjoy the privilege of participating in FHA programs”. Stephens which has already sanctioned several mortgage lenders for non prudent lending practices is positioned to take on a similar stance when it comes to appraisal compliance. The time is now to get your appraisals in order and prepare for one of the biggest switches in the mortgage industry. About Coester Appraisal Group: Headquartered in Gaithersburg, Maryland, Coester Appraisal group has provided quality real estate appraisals since 1970. Clients that depend on Coester’s appraisals, BPO’s, AVM’s and property valuation tools include banks, credit unions, mortgage companies, hedge funds, attorneys and government agencies. Their experienced staff provides a quality valuation completed in a timely manner with a correct estimation of market value. Each appraisal is manually reviewed by a staff appraiser for quality and compliance with lender’s underwriter guidance and is certified HVCC and USPAP compliant. For more information about the company and its services, please visit their website at http://www.coesterappraisals.com. Contact: Brian Coester Coester Appraisal Group Gaithersburg, MD (888) 485 - 1999 ext 2 Bking@coesterappraisals.com http://www.coesterappraisals.com http://www.appraisalnewscast.com http://www.twitter.com/ End
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