My Appraisal Blog

As of January 1, 2009, Fannie Mae and Freddie Mac will only accept appraisals based on a new Home Valuation Code of Conduct (HVCC). The HVCC requires that the valuation process is totally independent of the loan origination process and from other settlement services such as title insurance that are reliant upon an appraised value enabling the loan to go forward.

"I am delighted to join West Coast Services Inc. at this critical juncture for the residential appraisal industry," Johnson said. "Being a valuation focused company; West Coast Services Inc. is well-positioned to provide the independent, non-conflicted valuation services needed by lenders to be compliant with the HVCC."

About West Coast Services Inc

West Coast Services Inc., an outgrowth of Century Realty Resources, is focused on building a superior national residential valuation services organization utilizing a franchise affiliation business model. West Coast Services Inc. provides valuation services in all 50 states. It has 43 affiliate offices located in 35 markets and 19 states and utilizes a fee panel for areas beyond affiliate coverage.

I look forward to working with you in the near future.