This half-day seminar provides updates on ethical guidelines and appraisal regulations in the changing mortgage industry and the penalties for misleading appraisals. Become familiar with changes and requirements initiated by the IRS, Fannie Mae, Freddie Mac, HUD/FHA, and the Veterans Administration. Examine FHA mortgage letters from the past year involving FHA appraisals. Discuss other secondary market issues of critical importance to appraisers, including the GSA's repurchase of loans and forensic review appraisals where fraud or ethical lapses are suspected. Most importantly, learn where to find the latest information as guidelines continue to change.
At the end of this seminar, participants will be able to
- Identify how the IRS regulations for appraisers apply to estate and donation work
- Describe the purpose of the new Appraisal Foundation board, Appraisal Practices Board
- Describe Fannie Mae's new Collateral Data Delivery system and loan quality initiatives
- Recognize Freddie Mac's underwriting standards for appraisals
- Identify HUD/FHA regulations for appraisers
- Discuss Veterans Administration regulations, including the Fannie Mae Market Conditions Addendum and appraiser fee agreements
Who Should Enroll
- Residential appraisers
- Underwriters
- Lender quality control staff
- Review appraisers
Note. Participants will be notified via e-mail when student materials are available for download.
|
Downloads
Seminar Schedule [PDF] 
Type
Residential
Equipment Required
None
Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.
|
Classroom Hours
4.0
AI CE Credit for Designated and Associate Members
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
To receive credit, participants must attend 100% of the program.
Level
Basic/Intermediate
For Further Reading
None Specified.
Registration Information
None Specified.
Click Here for State Approvals
|
|
Class Schedule & Locations |
|
|
|
