If you perform appraisals for financial institutions, this 4-hour seminar is for you!
Lenders continue to face harsh scrutiny from federal regulators in the wake of high foreclosure rates, and this reality translates into increased scrutiny on the appraisal. When foreclosures occur, entities that purchased loans in the secondary market often challenge the lender who made the loan in order to buy it back. In this situation, the appraisal often becomes the first point of attack.
If the appraisal appears to be deficient in any way, it strengthens the purchaser’s case to demand a buyback. Don’t take any chances with your appraisals! This seminar will show how appraisals conform to the Fannie Mae Appraisal Requirements
At the end of this seminar participants should be able to:
- Address appraisal requirements from Fannie Mae that many purchasers in the secondary market have adopted.
- Provide clear direction to appraisers and banking staff as to what is required on appraisal reports.
- Gain knowledge on how to keep current as the requirements change.
- Understand the misconceptions about the requirements.