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7.7 Referrals of Appraisal Misconduct Reports
Any Client that has a reasonable basis to believe an appraiser or appraisal management company is violating applicable laws, or is otherwise engaging in unethical conduct, shall promptly refer the matter to the applicable State appraiser certifying...
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Resources > FAQ > CHAPTER-7-APPRAISAL-REQUIREMEN-TS > 7-7-Referrals-of-Appraisal-Misconduct-Reports

7.8 Appraiser Independence Compliance
Clients must adopt written policies and procedures implementing these Appraiser Independence Requirements, including, but not limited to, adequate training and disciplinary rules on appraiser independence. Additionally, Clients must ensure that any...
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Resources > FAQ > CHAPTER-7-APPRAISAL-REQUIREMEN-TS > 7-8-Appraiser-Independence-Compliance

7.9 Uniform Collateral Data Portal
Conventional Loans with properties that have Collateral Underwriter (CU) scores of 5 will be ineligible for purchase by PHH.
For loans with CU scores of 4.0-4.9, PHH will pull Automated Valuation Model (AVM) If value is not supported by the...

Resources > FAQ > CHAPTER-7-APPRAISAL-REQUIREMEN-TS > 7-9-UCDP

7.10 Reconsideration of Value
Clients must follow the requirements of the applicable agency in the event of a request for a Reconsideration of Value, either client or borrower initiated. In addition, no costs associated with the Reconsideration of Value may be charged to the...

Resources > FAQ > CHAPTER-7-APPRAISAL-REQUIREMEN-TS > 7-10-Reconsideration-of-Value

Chapter 8 Closed Loan File Delivery

To submit a Loan File for review, the Client selects the loan under the Pipeline View via PHH Correspondent portal. After the commitment is open, under the Loan Summary option on the toolbar the Client will click on the "Upload Closed Ln Pkg...

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Resources > FAQ > CHAPTER-8-FILE-DELIVERY > CHAPTER-8-FILE-DELIVERY