Appraisal Management FAQs
Have questions about the appraisal management process? We’re here to help. Below are answers to frequently asked questions about MVS, industry acronyms and the appraisal management process.
Why should my bank/credit union use an AMC?
Appraisal management companies (AMC) streamline the appraisal management process for banks, credit unions and other lenders, handling administrative responsibilities, compliance, vendor management and hiring appraisers.
What is the HVCC?
The Home Valuation Code of Conduct (HVCC) is a set of federal regulations released by the Federal Housing Finance Agency (FHFA). It prohibits mortgage brokers and real estate agents from directly hiring, paying or contacting appraisers and allows only lenders or third-party companies, such as AMCs, to contract, communicate with and pay appraisers. Learn more >
What technology integrations does MVS have?
MVS has technology integrations for Encompass 360, Mercury Network, Black Knight, UCDP, FHA | EAD, Authorize.net, CoreLogic and more. Learn more >
What areas does MVS serve?
MVS has approved appraisers in all 50 states. Learn more >
How can I check on the status of my appraisal?
You can access status reports 24/7 through our online portal. You can also contact your dedicated account manager by email or phone for status updates and account updates.
Have a question not answered here?
Reach out to us online or call 888.259.0988.
