Diamond Mortgage Blog

Big Banks and the Government are charging more fees and put small business appraisers out of business!

Coming this Monday February 15th all FHA appraisals have to go through HVCC, which charge borrower $500 or more for an appraisal. Before a small business apprasiers would charge $350-$400 for a single family dwelling appraisal. Now these small business appraisers have to join these HVCC companies to get any business. The HVCC companies are only paying these appraiser $150-$200 per appraisal.

So the borower is getting charged high fees and the small business apprasier is lose money.