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HPML Appraisal Policy

Since its effective date on January 10, 2014, no single regulation has caused more general confusion and duplication of overlaying regulation than the Higher Priced Mortgage Loan Appraisal Rule. For one, if you only originate QM loans, you don't have to worry about the HPML rules. 

It also seems that, if we are making loans for re-sale into the secondary market, and we are complying with the ECOA appraisal rules, we already execute the required functions of the rule as a safeguard for sudden non-QM compliance.  Companies that have adopted the best practices of secondary marketing do comply. But there are several wrinkles.  Our policy ensures that you have controlled your process to catch these requirements as part of your procedure.  It includes:

  • The "Flip" rule
  • Interior Inspections
  • Requirements of the Appraisal Report


Owners of the Mortgage Compliance Policies and Procedures, or any of the complete packages for Small Broker, Correspondent, or Banker/Credit Union/Lender already own this product and can obtain updates.
Request FREE HPML Appraisal Policy

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All material copyright 2006-2025 QuickStart Mortgage Manuals
  • Home
    • What Regulators Require
    • The CFPB and You
    • Why do I need Quality Control?
    • What is a Module?
    • What is a Template?
    • Get Free Update Notifications
    • About Us >
      • FAQs
      • Industry Blog
      • Mortgage Resources
      • Client List
      • Discount Codes
      • Free Sample Request Form
  • Policy/Procedure Manuals
    • Single Policies >
      • TRID-Integrated Disclosure Policy
      • Social Media Policy and Procedure
      • Vendor Management Policies and Procedures
      • MERS Quality Assurance (QA)
      • Ability to Repay Policy
      • Anti-Money Laundering/SAR Reporting
      • Fair Lending Plan
      • E-Sign Policy
      • FACTA/Information Security
      • Mortgage Compliance Policies
      • SAFE Act Policy Manual
      • Secondary Marketing Manual
      • Appraiser Independence Manual
      • HPML Appraisal Policy
      • Mortgage Business Plan
    • Quality Control Plan - Agency/Investor
    • Quality Control - Broker/Non-Delegated Corr
    • Mortgage Compliance Manual
    • Origination-Production Manual
    • Processing Policy and Procedure Manual
    • Underwriting Procedures/Credit Policy
    • Closing, Funding and Delivery
    • Mortgage Operations & Employee Manuals
    • Servicing Procedures
    • Sub-Servicing Management Manual
    • Wholesale/Broker TPO Manual
  • Complete Packages
    • Mortgage Banker/Lender Package
    • Correspondent/Broker Package
    • Compliance Pack for Lenders
    • Broker Compliance Package
    • Wholesale (TPO) Package
  • Services
    • Updates and Downloads
    • Agency Approval Services
    • Training Program Development >
      • Intranet Development
    • Audit Support >
      • New York State Audit
      • Pennsylvania State Audit
      • Nevada Audit Preparation
    • QC Audit Quote Request
    • Free Customization Offer >
      • Let Us Customize Your Product
    • Access Document Management