Desktops 101: Navigating GSE Appraisal Modernization
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.
$109.95
ONLINE/Self-Paced
COURSE APPROVAL INFORMATION
AL – Course #C02829
AZ – Course #326
AR – Course #AE026
CA – Course #2310501045
CO – Course #2739
GA – Course #76381
FL – Course #3685
HI – Course #23-435
IL – Course #575.010632
KY – APPROVED
LA – Course #A0036
MD – APPROVED
MO – APPROVED
MI – Course #3535
MS – Course #50491
NE – Course #2232445.33
NM – Course #4209
NV – Course #CE.0009678-A
NJ – Course #2023-207
NC – Course #4551
OH – Course #948500803A 23
OK – Course #914
OR – Course # APEL-C-0224-0071
PA – APPROVED
SC – Course #CE.2084
TN – Course #2659
TX – Course #45711
UT – Course #AC250311
VA – APPROVED
WA – Course #A23009537
WV – APPROVED
WI – Pending
*Pending approval in many states; please contact us at support@appraiserelearning.com with any specific questions about state approvals*
Course Description
This timely and relevant course answers some big questions you may have about GSE appraisal modernization:
-Are desktop and hybrid appraisals right for my business?
-How does the technology work?
-Can I trust third-party data collectors?
-How do these alternative valuation methods manage collateral risk?
-Can I still produce credible results with these AVMs?
As you know by now, the FHFA’s push to modernize appraisal policies and practices has profoundly changed how we’ll complete appraisal assignments in the near future. In the class, Jim Baumberger will walk you through the timeline of appraisal modernization and explore the range of reporting options, including property data collections, remote inspections, and hybrid desktop appraisals that use third-party data collectors. He’ll review the terminology, tech, forms, and scopes of work involved in the GSEs’ alternative valuation services. And he’ll help you find ways to adapt to these changes and continue to produce accurate and credible appraisals.
In short, this course is a “how to” guide that will help you successfully navigate these changes, and even adopt new services, technologies, and workflows to help your business survive and thrive.
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
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.
