Desktops 101: Navigating GSE Appraisal Modernization

An intermediate-level course designed to give you a comprehensive understanding of the cutting-edge Desktop Appraisals employed by the GSEs, Fannie Mae, and Freddie Mac.

Monday March 4th | from 11AM – 3PM Central Time

Register for Monday March 4th

4 HOUR CE

$99.95

Live Zoom Class

COURSE APPROVAL INFORMATION

AL – Course #C02830
AZ – Course #D0323-0000007
AR – APPROVED
CA – Course #2310501044
CO – Course #2350
CT – Course #AAL.001026
GA – Course #76182
FL – Course #3685
HI – Course #23-453
IL – Course #575.010619
IN – Approved
KS – Course #402.C24.R
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 – APPROVED
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*

Course Description

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!

Course Outline

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

Everything you need to know about our live virtual class offerings via Zoom

  • Add any live-zoom course(s) to your cart and proceed to checkout.
  • IMPORTANT: Be sure to provide the correct state and license number information during checkout, as this will be automatically pulled into our system for your completion certificate and reporting to your state.
  • Once purchased, you’ll be automatically registered for the Zoom class meeting and you will receive a receipt via email.
  • You will receive a confirmation email with your JOIN MEETING link (save this! This is the link you will click to join the zoom class meeting on Class Day.)
  • If this is your first purchase with us, you will also receive an email with your Student Login Credentials, which give you access to your Student Account; Your student account is where you will access any online courses or completion certificates. 
  • If your Zoom Class comes with Course materials, they will be made available in your student account and also emailed to you in reminder emails (see “What to expect on class day.” below)
  • If you don’t see your confirmation email (and you’ve checked your spam folder), just email us (we make typos too, and we’re happy to help).
  • We highly recommend you download zoom for an even better in-class experience.
  • You’ll receive reminder emails the day before and the morning of class. (NOTE: If you register within 24 hours of class start time, you might not receive reminder emails.)
  • Be sure to click the Zoom meeting link and join the meeting 30 minutes before class start time, so we can get you checked in.
  • Check your time zone! All classes are listed in CENTRAL TIME, so adjust your calendar accordingly. Our reminder emails the day before and the morning of class will list the correct times for all time zones, for reference.
  • Download any course materials. You can find all appropriate documents for your course under “My Courses” in your student account.
  • If you are taking a USPAP update course, have the current USPAP publication on hand.
  • It is required that you keep your camera on for the duration of the class. Be sure to have a device with a working webcam, audio, and microphone, as well as good internet access.

Use the Zoom meeting link to join the class 30 minutes before class start time, so we can get you checked in.

  • You should have received a confirmation email immediately after purchase, as well as reminder emails the day before and the morning of class. Your Zoom link to join class can be found in any of those emails.
  • Be sure to check your spam folder if it is not in your inbox.
  • Remember to use the Zoom meeting link to join class at least 30 minutes before the official start time, so we can get you checked in.
  • Zoom Confirmation Emails (how you join the class): We will resend everyone’s Zoom confirmation emails 1 hour prior to class start
  •  Class Reminder emails with handouts (if any) and reminders: We send reminder emails on the day before and the day of class (unless class falls on a Monday or Friday; we don’t work weekends)
  • Reminder emails will include: Any class handouts (if applicable), important expectations and requirements; REMINDERS ABOUT KNOWING YOUR TIME ZONE (we’re on Central Time); and student support / instructor contact information.
  • Remember: you must be present with your camera on 100% of the class time. (This is a state requirement, not ours. We cannot make exceptions.)
  • Refunds require a 24-hour written notice.
  • BUT if you miss class and forget to notify us, no worries! Just reach out to our team, and we’re happy to transfer you to a later class.
  • We can only provide one transfer, so if you miss the second class, you will not have the option for a transfer and will forfeit the purchase cost. 
  • You must be present with your camera on for the duration of class. (This is a state requirement, not ours. We cannot make exceptions.)
  • You must be visible and prepared to answer instructor questions (please do not drive, work on other tasks, walk your dog, or anything else that might be distracting to the class).
  • If you have an emergency or are otherwise prevented from being present and visible on camera, please contact one of the class moderators. 
  • Chat Feature
  • Raise Hand Feature (alt + Y is the keyboard shortcut, or click the Reactions button)
  • Mute/Unmute & Stop Video (you should only turn cameras off when on breaks)
  • In addition to the live instructor, we’ll have a team member available to help everything run smoothly during class.
  • Ben Maxwell, our Education Director, will email a Course Evaluation link to all students immediately after class.
  • Once you complete the evaluation, you’ll receive an emailed certificate from our LMS. Please keep in mind that failure to complete this survey will delay your certificate (it is REQUIRED).
  • If you have any issues with the automated certificate, just reply to Ben’s Course Evaluation email and request a PDF copy.
  • If you’re in a state that requires the provider to report on your behalf, we will report your CE after class. Please give us 24 hours to do so. (States in which we report on your behalf include: FL, GA, IL, NC, NV, OH, SC, TX, and UT.)
  • If you have any questions, the instructor and class moderator will stick around for a few minutes after class ends.

Course Author

James Baumberger

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.

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