LoanMarq Mortgage Software added an appraisal manager user type to its web-based community in order to aid mortgage companies to comply with the new Home Valuation Code of Conduct (HVCC). “In this economic climate, the mortgage industry should expect new regulations, and the new Home Valuation Code of Conduct is one that will operationally change mortgage company work flow,” says Sthenia Software CEO Paul Piers. “Where we excel is taking those operational difficulties and simplifying them via LoanMarq mortgage software. The appraisal manager within LoanMarq will now coordinate all home valuation aspects of the mortgage transaction, while fulfilling the HVCC rules, which go into effect May 1. LoanMarq says its software allows mortgage companies to handle HVCC compliance in-house. Write to Kelly Curran at kelly.curran@housingwire.com.
LoanMarq Rolls Out HVCC Compliant Solution
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