PCVMurcor also approved for GMAC's Propertywise

Previously, I pointed out in this space that Zaio was working with GMAC-ResCap in its appraisal management division. PCVMurcor Real Estate Services, a Pomona, Calif.-based vendor management firm is also approved for that lender program, I have been told by the company.

GMAC has been developing Propertywise for a number of years. The new announcements come in the wake of a new Code for appraisal management advanced by the GSEs and resulting from discussions with New York's attorney general.