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Desktop Appraisals (Bifurcated, Hybrid) and Evaluations
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NO DOUBT ABOUT IT, DESKTOP APPRAISALS ARE HERE TO STAY. Recently released by Fannie Mae, after March 19, 2022, loan casefiles meeting certain requirements will receive the option to obtain a desktop appraisal reported on Uniform Residential Appraisal Report (Desktop) (Fannie Mae Form 1004 Desktop). As the world changes, so do processes and
methods used in many businesses including the appraisal profession. While alternative appraisal
services like bifurcated, hybrid, and desktop appraisals and evaluations aren’t
new, they are becoming more popular. Many appraisers are uncertain about the
general requirements of each service, how appraisal standards might apply, and
how these services might create liability. This seminar will provide more
clarity about the different services being requested and help you to decide if
these services are for you. It will review the expectations of alternative appraisal
services, potential uses, appraisal standard implications, scope of work, and
liability concerns as it applies to residential and commercial assignments. And
it will review evaluation formats and the business opportunities for them. Check out this preview as Sandy Adomatis, the seminar developer, and Alan Hummel, one of the seminar reviewers, provide more information about this program!
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Sponsor |
Date |
Location |
Delivery Format |
Check State Approvals |
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Chicago Chapter |
May 15, 2023 |
Chicago, IL |
Classroom |
Check |
Register |
Iowa Chapter |
May 18, 2023 |
Coralville, IA |
Classroom |
Check |
Register |
Iowa Chapter |
May 19, 2023 |
Urbandale, IA |
Classroom |
Check |
Register |
Tennessee Chapter |
October 11, 2023 |
Memphis, TN |
Classroom |
Check |
Register |
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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- General and residential appraisers that serve lenders
- Lenders, appraisal management companies, private mortgage companies, mortgage service companies,
portfolio lenders, and underwriters who are users of these appraisal services
will benefit by gaining a better
understanding of why an appraiser may not be willing/able to accept one of these assignments.
- Describe desktop appraisals, such as bifurcated and hybrid, and learn how and when they are used.
- Discover how real estate collateral is used inside federally regulated banks and financial institutions.
- Review the significant Federal and State laws governing all valuations — appraisals and evaluations — used for loan originations, modifications, and other subsequent transactions.
- Identify appraisal standards, Interagency Guidelines, lender requirements, and state law requirements for credentialed appraisers.
- Recognize the development and reporting differences that differentiate appraisals from evaluations and desktop valuation services.
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Appraisal Institute CE Points
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Required and/or Recommended Equipment
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Seminar Materials Include: - Seminar Handbook (187 pp.)
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