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Residential Appraisal Update: Staying Competent in a New Decade (P.M.)

EMAIL   Date: January 12, 2011   Location: Rockville, MD
 
  Seminar    
Category  Residential [Res]  
Attendance Hours  4.0  
Current Price  $ 120.00 AI *
$ 150.00 Full *
* includes late fee
Late Fee  $ 25.00
 
  Instructor    
Mark V. Smeltzer, SRA  
    
 
  Location    
Name  The Universities of Shady Grove  
Address  9630 Gudelsky Drive  
City  Rockville  
State  MD  
Zip  20850  
Phone  (301) 738-6023  
    
 
  Sponsor / Contact    
Chapter  Washington DC Metropolitan Area
Website  www.appraisalinstitutedc.org  
Contact Name  Peter Houstle  
Email  info@appraisalinstitutedc.org  
Phone  (301) 924-1020  
Fax  (301) 238-4579  
 
  Description    

This half-day seminar provides updates on ethical guidelines and appraisal regulations in the changing mortgage industry and the penalties for misleading appraisals. Become familiar with changes and requirements initiated by the IRS, Fannie Mae, Freddie Mac, HUD/FHA, and the Veterans Administration. Examine FHA mortgage letters from the past year involving FHA appraisals. Discuss other secondary market issues of critical importance to appraisers, including the GSA's repurchase of loans and forensic review appraisals where fraud or ethical lapses are suspected. Most importantly, learn where to find the latest information as guidelines continue to change.

At the end of this seminar, participants will be able to
  • Identify how the IRS regulations for appraisers apply to estate and donation work
  • Describe the purpose of the new Appraisal Foundation board, Appraisal Practices Board
  • Describe Fannie Mae's new Collateral Data Delivery system and loan quality initiatives
  • Recognize Freddie Mac's underwriting standards for appraisals
  • Identify HUD/FHA regulations for appraisers
  • Discuss Veterans Administration regulations, including the Fannie Mae Market Conditions Addendum and appraiser fee agreements
Who Should Enroll
  • Residential appraisers
  • Underwriters
  • Lender quality control staff
  • Review appraisers
Note. Participants will be notified via e-mail when student materials are available for download.
 
  Disclaimer    
Cancellation Policy
  • Up To 14 days prior to program start date, refund in full.
  • 5 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 5 days prior to program start date, forfeit of payment.
   Transfer Policy
  • Up To 14 days prior to program start date, no transfer fee.
  • 5 - 13 days prior to program start date, $25.00 transfer fee.
  • Less than 5 days prior to program start date, no transfer allowed.
    
 
  Additional Information    
Class will be held in Room 101 (1st floor of Building 1) at UMD Shady Grove. Click the link below for a campus map.

Schedule:
Registration begins at 12:30pm.
Seminar is from 1pm-5pm

Location:
Universities at Shady Grove
Building 1 - Room 101
9630 Gudelsky Drive
Rockville, MD 20850
301.738.6023

Driving Directions from I-270
• Take the MD-28 W. exit # 6B towards DARNESTOWN
• Merge onto W. Montgomery Ave./MD-28 W.
• Turn LEFT onto Darnestown Rd.
• Turn LEFT onto ShadyGrove Rd.
• Turn RIGHT onto Gudelsky Way
• Turn LEFT onto Gudelsky Dr.
• Parking available in lots 1 and 2 on your left.

•  Map