COURSE OBJECTIVES
– Explore USPAP with regard to reviewappraisal assignments
– Analyze best practices for appraisalreview
– Determine scope of work necessary forappraisal review assignments
– Unravel the differences/conflicts betweenScope of Work Rule and Assignment Conditions
– Uncover the difference between what “I”would do and what USPAP requires
– Find out why assignment conditions arenot necessarily required Scope of Work requirements
– Find the best methods to addressassignment conditions v. scope of work.
– Hit upon the highlights of the variousGSE assignment conditions and how they apply to scope of work
– Review a proper statement of scope ofwork
– Look at the three cardinal rules ofappraisal review
– Identify the fundamentals of scope ofwork development
– Review the Top Ten list for appraisalreviews
– Define the rules of when standard 1applies and how to adjust scope of work
– Describe the goal of appraisal review
– Explain the benefits of using USPAP asthe basis for all appraisal reviews (NOT WHAT FHA/VA/AMC ETCREQUESTS/REQUIRES.)
– Look at USPAP requirements for datacollection and verification
– Learn the basics of math as applies toconsistency in adjustments
– Interpret when an appraiser’s scope ofwork is appropriate
– Establish consistency in size, datacredibility, and analysis
– Identify the goal of appraisal reviewsthat include an opinion of value
– Critique several appraisals for USPAPcompliance
– Look at the proper steps to articulateyour appraisal review assignments
– Review work file requirements forappraisal review assignments
– Appreciate review basics by completingpractice critiques
– Recognize the difference between USPAPcompliance and “How I do things”
