COURSE APPROVAL INFORMATION
AL – Course #C02830
AZ – Course #D0323-0000007
AR – APPROVED
CA – Course #2310501044
CO – Course #2350
GA – Course #76182
FL – Pending
HI – Pending
IL – Course #575.010619
IN – Pending
KS – Course #402.C23.N
KY – APPROVED
LA – Course #A0033
MD – APPROVED
MA – Course #1360017
MO – APPROVED
MI – Course #2392
MN – Course #1034821
MS – Course #50465
NE – Course #2233419.33
NM – Course #4209
NV – Course #CE.0009655-A
NH – Pending
NJ – Course #2023-202
NY – Course #A5599-04
NC – Course #4542
OH – Course #Q04301303A 23
OK – Course #714
OR – Course #APEL-C-0223-0048
PA – APPROVED
SC – Course #CE.2075
TN – Course #2651
TX – Course #45307
UT – Course #AC230230
VA – APPROVED
WA – Course #A23009523
WV – APPROVED
WI – Course #Pending
*Pending approval in many states; please contact us at support@appraiserelearning.com with any specific questions about state approvals*
With the recent push for “appraisal modernization” from the Federal Housing Finance Agency (FHFA), the GSEs are expanding beyond traditional appraisal services to include property data collections, remote inspections, and hybrid desktop appraisals that incorporate third-party data collectors. These changes are part of a larger reengineering of traditional appraisal practices, and this course will help you stay up to date with the latest trends.
We’ll explore new collateral risk concepts, services, and terminology incorporated in the GSEs’ alternative valuation services, as well as the advanced technology, big data, and computer analytics that make these innovative new valuation services possible. You’ll also learn about positive ways that appraisers can adapt to these impactful changes, implement compliant practices, and provide a suite of credible valuation services to meet the changing market demands of the future.
In short, this course is a “how to” guide that will help you successfully navigate consumer and client expectations, adopt new services, technologies, and workflows, and satisfy regulatory requirements to produce credible results. Don’t get left behind in the fast-paced world of real estate appraisals – enroll today and stay ahead of the curve!
1. Review a brief history underlying the FHFA’s directive that the GSEs must develop and implement “Appraisal Modernization”
2. Present an overview of definition and regulatory changes to FIRREA, the Interagency Appraisal and Evaluation Guidelines, and the Dodd-Frank Act that authorized alternative valuation services
3. Introduce the new technological advancements that support a reengineering of traditional appraisal practices
4. Explore the new concepts, or frameworks, for collateral risk mitigation initiated by the GSEs
5. Discuss the new terminology employed to articulate new valuation practices, services, and tasks
6. Explain the GSEs implementation of “property data collections”
7. Identify who performs property data collections, and what property data these collections include
8. Introduce and define the Desktop Appraisals and Hybrid [Desktop] Appraisals
9. Understand the eligibility requirements adopted by the GSEs for Desktop Appraisals and Hybrid [Desktop] Appraisals
10. Examine in detail the requirements and Scope of Work for the GSEs’ Desktop and Hybrid alternative appraisals
11. Learn how to perform alternative valuation services in a compliant manner based on USPAP and appraisers’ best practices
12. Identify the cases, factors, and situations that compel appraisers to decline desktop valuation assignments and learn how to effectively recommend appraisal upgrades to clients
Course Author
James A. Baumberger is CEO and part-owner of First Choice Appraisal Management (FCAM), operating an ethical cost-plus business model in CA, ID, NV, OR, and WA. Jim has an outstanding record of providing inspirational executive leadership for appraisal organizations serving the financial services industry. His past positions include Collateral Services Manager for Washington Mutual, Regional Chief Appraiser for Bank of America, Division Appraisal Manager for World Savings, Mortgage Group Leader for Wachovia Bank, and President of Synergy Appraisal Services.
As a certified residential appraiser, Jim’s 28 years of professional appraisal practice includes valuation services for eminent domain, lending, litigation, marketing, and relocation purposes. In addition, Jim has authored numerous qualifying and continuing education courses and training seminars for industry professionals. He frequently presents customized training for agents, appraisers, loan originators, loan processors, and mortgage underwriters.
Jim served for four years on Oregon’s Appraiser Certification and Licensure Board (ACLB), which is the state’s regulatory agency for appraisers and appraisal management companies, including two years as ACLB Board Chair from 2014 through 2016. He currently serves on the executive board of the Oregon Mortgage Bankers Association (OMBA) and chairs the Oregon Association of Realtor’s Appraisal Subcommittee (OAR). With his compliance knowledge, appraisal and real estate expertise, and lending experience, Jim is well-prepared to instruct industry professionals and empower their success.
Desktops 101: Navigating GSE Appraisal Modernization | Live Zoom Class | Tuesday,...
