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Published by OREP, E&O Insurance Experts | August 2014

     
 

"Thanks so much for offering this webinar. It has increased my knowledge tremendously on Fannie Mae requirements, the UAD, and information on how to perfect my work as best as possible. I am definitely interested in a webinar on the UAD and the quality and condition ratings. This information is invaluable." -V. Harrill

Better Appraising – How to Improve Quality and Avoid Trouble with Fannie Mae and Other Clients

Part 1: How to Support and Prove Your Adjustments

Presented by: Richard Hagar, SRA
Date: August 19th, 10 - 11:30 a.m. PST

Will support for your adjustments hold up under scrutiny? How do you determine the right adjustment? Is it based on what you were told when you were learning the appraisal business, someone else’s opinion or...do you apply the correct methods in your appraisal practice?


Regulations state that appraisal adjustments cannot be based upon an appraiser’s opinion. Failure to provide proof and analysis to support your adjustments mean a rough road from now on out: state board complaints, license revocation, panel removal, lawsuits, and now Fannie Mae cites "use of adjustments that do not reflect market reaction" as number one on a list of 16 reasons why an appraiser can be placed on its "Do Not Use" List. This list is a fast ticket to a career change.

In How to Support and Prove Your Adjustments, Richard Hagar, SRA explains the most common appraisal pitfalls when determining adjustments and shows you how to provide the proper support, analysis and documentation for adjustments in your appraisal report and workfile.

This course will help you understand and utilize quick and simple methods for proving adjustments that improve the quality of your reports and help you avoid problems, blacklisting and legal actions.


 
 

Part 2: Fannie’s AQM: Understanding Quality and Condition Ratings

Presented by: Richard Hagar, SRA
Date: August 26th, 10 - 11:30 a.m. PST

The rollout of Fannie Mae’s new Appraiser Quality Monitoring system (AQM) is changing the nature of the residential appraisal world. In 2014 so far, Fannie Mae has issued numerous "updates" and changes to their AQM policies, including additional requirements with respect to their Quality and Condition Q&C ratings.

Reviews indicate that appraisers are failing to consistently apply the right Quality Rating to subjects and comparables. As a result appraisers are subject to “gray” or “blacklisting” by Fannie Mae’s new AQM system.

In this webinar, Hagar provides a blueprint for staying on Fannie Mae’s good side by understanding how to determine Q&C ratings and adapt to Fannie's changing requirements.

Two Part Webinar Series
1. How to Support and Prove Your Adjustments

2. Fannie’s AQM: Understanding Quality and Condition Ratings

Sign Up Now!
OREP Member/ WRE Subscribers: Click Here for a Discount

 

**All Webinars are recorded and available at no charge with paid attendance.

 
                                  


        

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