$109.95
Course Description
No matter your role at a lender, AMC, or appraisal office, this course will give you good insight and understanding of regulations and guidance related to the appraisal management process in lending.
This course is a non-CE version, meaning there is no state continuing education awarded. It’s just great information created to make you better at your job.
However, the course is designed to meet requirements and expectations of AMC and lender regulators. Following the completion of the course, you will be issued a completion certificate, which you and your company can retain as evidence of the training. All components are mandatory, meaning you must watch and complete all videos, quizzes, and other materials.
Course Topics:
Topics include: valuation independence (overview, compliant practices, prohibited and allowed actions, certifications, violations handling, complaints, mandatory reporting, revisions and reconsiderations), USPAP (Preamble, Definitions, Rules, Standards, Advisory Opinions), and Fairness and Anti-Discrimination (UDAAP, ECOA, and Fair Housing).
Course Outline
- VALUATION INDEPENDENCE (about 3.5 hours)
- Overview of Valuation Independence
- Impact on You
- Demonstrating Compliance
- Prohibited and Allowed Actions
- Certifications
- Allegations of Violations
- Revisions and Reconsiderations
USPAP (about 1 hour)
- USPAP Preamble and Definitions
- USPAP Rules and Standards
- Advisory Opinions
FAIRNESS AND ANTI-DISCRIMINATION (about 1 hour)
- UDAAP
- ECOA and Fair Housing
- Fannie Mae and Freddie Mac
Course Author
Josh Walitt
Joshua Walitt is the principal consultant for Walitt Solutions. He provides short- and long-term consulting services related to compliance, valuation, education, review, and investigations. Clients include lending institutions, appraisers, appraisal management companies, attorneys, accountants, education providers, regulators, and others.
With over 20 years of experience, Walitt’s skillset includes appraisal, banking, regulations, policy, training, licensing, audit, and enforcement. His core goal is to foster clients’ efficiency, accuracy, compliance, and growth through appropriate methodology and technology, sound reasoning and communication skills, and proper oversight.
He writes for industry publications and speaks at events such as the Appraisal Institute’s Annual Conference, Appraisal Summit and Expo, Valuation Expo, Appraiser’s Conference and Trade Show, Association of Appraiser Regulatory Officials, and other client and industry conferences. Walitt designs seminars and continuing education courses for online and classroom delivery.
In 2013, he was the appraiser member of Colorado’s AMC Rulemaking Taskforce. In 2015, Walitt designed the Market Machine, a market analysis and modeling tool used by appraisers throughout the U.S. He has also provided valuation consulting for international applications. Walitt has been recognized as an expert witness in local and federal court.
Walitt holds the SRA & AI-RRS designations with the Appraisal Institute, is a member of the National Association of Appraisers (MNAA), holds a Certified Distance Education Instructor (CDEI) certificate, is an AQB Certified USPAP Instructor, is an Appraisal Institute approved instructor, and served on the Colorado Board of Real Estate Appraisers.
SRA, MNAA, CDEI. Compliance Manager. Certified Residential Appraiser
