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    Desktop Appraisals (Bifurcated, Hybrid) and Evaluations

    More Info Register
    June 3, 2024
    Date
    June 3, 2024
    Sponsor
    Hampton Roads Chapter
    Location
    Virtual via Zoom
    Zoom
    Instructor
    Mark V. Smeltzer, MAI, SRA, AI-GRS, AI-RRS
    Class Time
    7 hours
    Full Price
    $199.00
    AI Price
    $190.00
    Enroll by June 3!
    View Pricing Options
    Course Description

    NO DOUBT ABOUT IT, DESKTOP APPRAISALS ARE HERE TO STAY

    Recently released by Fannie Mae, after March 19, 2022, loan casefiles meeting certain requirements will receive the option to obtain a desktop appraisal reported on Uniform Residential Appraisal Report (Desktop) (Fannie Mae Form 1004 Desktop).

    As the world changes, so do processes and methods used in many businesses including the appraisal profession. While alternative appraisal services like bifurcated, hybrid, and desktop appraisals and evaluations aren't new, they are becoming more popular. Many appraisers are uncertain about the general requirements of each service, how appraisal standards might apply, and how these services might create liability. You'll gain more clarity about the different services being requested which will help you to decide if these services are for you. It will review the expectations of alternative appraisal services, potential uses, appraisal standard implications, scope of work, and liability concerns as it applies to residential and commercial assignments. And it will review evaluation formats and the business opportunities for them.

    Check out this preview as Sandy Adomatis, the seminar developer, and Alan Hummel, one of the seminar reviewers, provide more information about this program!

    Who Should Enroll

    • General and residential appraisers that serve lenders
    • Lenders, appraisal management companies, private mortgage companies, mortgage service companies, portfolio lenders, and underwriters who are users of these appraisal services will benefit by gaining a better understanding of why an appraiser may not be willing/able to accept one of these assignments.
    AI CE Points
    Attend:
    35
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Synchronous Livestream 05/30/2023 04/03/2026 19386
    AL CE 7 7 Synchronous Livestream 10/01/2022 09/30/2024 C02600
    AR CE 7 7 Synchronous Livestream 06/01/2022 07/24/2025
    AZ CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    CA CE 7 7 Synchronous Livestream 04/29/2024 04/28/2028 20CP754601427
    CO CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 2387
    CT CE 7 7 Synchronous Livestream 04/18/2023 04/12/2026
    CT CE 7 7 Synchronous Livestream 04/18/2023 04/12/2026
    DC CE 7 7 Synchronous Livestream 02/29/2024 02/28/2026 4085
    DE CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    GA CE 7 7 Synchronous Livestream 01/01/2023 04/17/2026 71930
    HI CE 7 7 Synchronous Livestream 01/01/2024 12/31/2024 23-328
    IA CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 A518-1100
    ID CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    IL CE 7 7 Synchronous Livestream 01/01/2023 12/31/2024 575.010443
    IN CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    KS CE 7 7 Synchronous Livestream 01/01/2024 12/31/2024
    KY CE 7 7 Synchronous Livestream 07/01/2023 06/30/2024
    KY CE 7 7 Synchronous Livestream 07/01/2024 05/30/2025
    LA CE 7 7 Synchronous Livestream 04/27/2020 04/17/2026
    LA CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    MA CE 7 7 Synchronous Livestream 04/18/2023 05/07/2025 120107
    MD CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    ME CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    MI CE 7 7 Synchronous Livestream 03/01/2024 04/17/2026 20-700337
    MN CE 7 7 Synchronous Livestream 06/01/2022 05/31/2024 1029540
    MO CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    MS CE 7 7 Synchronous Livestream 01/29/2023 07/27/2025 MAB #50283
    MT CE 7 7 Synchronous Livestream 05/02/2023 04/17/2026 REA-CEC-REC-16697
    NC CE 7 7 Synchronous Livestream 01/01/2024 12/31/2024 4367
    ND CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 CE-223033
    NE CE 7 7 Synchronous Livestream 09/06/2023 09/06/2028 2233488.02
    NH CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    NJ CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    NM CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 4237
    NV CE 7 7 Synchronous Livestream 07/21/2023 07/31/2024 CE.0009746-A
    NY CE 7 7 Synchronous Livestream 01/01/2024 12/31/2024 A5182-07
    OH CE 7 7 Synchronous Livestream 01/01/2024 12/31/2024 084402304A 22
    OK CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 807
    OR CE 7 7 Synchronous Livestream 05/01/2023 04/17/2026 APIN-C-0323-8977
    PA CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    PR CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    RI CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 REA.0001992-CE
    SC CE 7 7 Synchronous Livestream 09/01/2022 08/31/2024 CE1889
    SD CE 7 7 Synchronous Livestream 05/27/2023 04/06/2026 SD 1411 CE
    TN CE 7 7 Synchronous Livestream 06/26/2022 06/30/2024 2391
    TN CE 7 7 Synchronous Livestream 07/01/2024 06/30/2026 2391
    TX CE 7 7 Synchronous Livestream 04/18/2023 04/30/2025 TX Provider #:10 Course #: 39422
    TX CE 7 7 Synchronous Livestream 04/18/2023 04/30/2025 TX Provider #: 10 Course #:39422
    UT CE 7 7 Synchronous Livestream 06/01/2022 06/30/2024 AC220604
    VA CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    VT CE 7 7 Synchronous Livestream 05/01/2024 01/26/2028 CA-222779
    WA CE 7 7 Synchronous Livestream 03/17/2023 04/17/2026 A23008194
    WI CE 7 7 Synchronous Livestream 04/17/2023 04/17/2026 73511
    WV CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026
    WY CE 7 7 Synchronous Livestream 04/18/2023 04/17/2026 1490
    Course Objectives

    • Describe desktop appraisals, such as bifurcated and hybrid, and learn how and when they are used.
    • Discover how real estate collateral is used inside federally regulated banks and financial institutions.
    • Review the significant Federal and State laws governing all valuations — appraisals and evaluations used for loan originations, modifications, and other subsequent transactions.
    • Identify appraisal standards, Interagency Guidelines, lender requirements, and state law requirements for credentialed appraisers.
    • Recognize the development and reporting differences that differentiate appraisals from evaluations and desktop valuation services. 
    Course Details

    Program Overview:
    Table of Contents and Overview

    Assignments:
    No

    Equipment:
    None

    Additional Information:
    Seminar Materials Include:

    • Seminar Handbook (187 pp.)

    Requirements:
    None specified

    Prerequisites

    None

    Course Materials & Recommended Books
    None specified
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 06/03/2024
    $199.00 $190.00
    Additional Course Offerings
    Sponsor Date Location Format
    Southern New Jersey Chapter June 3, 2024 Synchronous View Details Register
    Event Information

    Check in starts at 8:15am. Class begins at 8:30am. Lunch is 12-1230 (30min).

    VIRTUAL CLASSROOM VIA ZOOM... Virtual Classroom-Live/Interactive Participation Guidelines: Students must have computer, webcam & microphone capability to participate & receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. You will receive a separate email from the Chapter Office with log-in/access information. You do not need a paid account from ZOOM to participate. If you are using your Ipad/Iphone/smartphone please download the ZOOM app prior to offering. Please check your webcam privacy settings on your computer. If you have a Lenovo laptop, you must have the Lenovo Vantage App installed on your computer for webcam to work. Check state approvals before registering to make sure the states you are licensed have approved the course/seminar and allow Virtual education in place of classroom education. Contact the chapter with questions regarding participation guidelines: lisamayweiss@hotmail.com