If you are having trouble cracking the code on the secondary mortgage market guidelines for 1-4 family residential properties, this 4-hour seminar is for you!
Lenders face harsh scrutiny from federal regulators in the wake of high foreclosure rates. Appraisers face increased scrutiny because of the secondary mortgage market pressure on lenders. Why? Because when foreclosures occur, loan purchasers in the secondary market often challenge the lender who made the loan to obtain a buyback with the quality of the appraisal as the main driver of the buyback.
Don’t take any chances with your appraisals! This seminar will enhance your ability to write as well as review reports that conform to the Fannie Mae Appraisal Guidelines for 1-4 family residential properties. At the end of this seminar participants should be able to
- Crack the code on understanding the Fannie Mae appraisal guidelines.
- Provide clear direction to appraisers and banking staff as to what IS required on appraisal reports.
- Gain tips on staying current on guideline changes.
- Identify the misconceptions about the guidelines.