Yesterday on a conference call with the president of NAMB they said that there was a bill introduced this week in the House that will Nullify the HVCC. This is great news for the industry. Ever since HVCC went into effect the ability for loan officers and Certified Mortgage Planners to communicate with their appraisers was taken away, and has cost consumers a significant amount of money. We are hopeful that this amendment to Nullify HVCC will pass the house and the Senate within the next month. We shall see. Keep your fingers crossed.
Curtis Schartz, Certified Mortgage Planner with Pulaski Bank