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    Desktop Appraisals (Bifurcated, Hybrid) and Evaluations

    More Info Register
    December 6, 2024 Fargo, ND
    Date
    December 6, 2024
    Time
    8:00AM - 4:30PM (CST)
    Sponsor
    Wyoming, North Dakota, and South Dakota Chapter
    Location
    Swiontek Center - Gate City Bank
    500 2nd Ave N
    Fargo, ND
    Instructor
    Douglas A. Potts, MAI, AI-GRS
    Class Time
    7 hours
    No Longer Available
    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 Classroom Classroom 05/30/2023 04/03/2026 19386
    AL CE 7 7 Classroom Classroom 11/14/2024 09/30/2026 C02600
    AR CE 7 7 Classroom Classroom 06/01/2022 07/24/2025
    AZ CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    CA CE 7 7 Classroom Classroom 04/29/2024 04/28/2028 20CP754601427
    CO CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 2387
    CT CE 7 7 Classroom Classroom 04/18/2023 04/12/2026
    DC CE 7 7 Classroom Classroom 02/29/2024 02/28/2026 4085
    DE CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    GA CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 71930
    HI CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 23-507
    IA CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 A518-1100
    ID CE 7 7 Classroom Classroom 04/18/2023 04/17/2026
    IL CE 7 7 Classroom Classroom 01/01/2023 12/31/2024 575.010443
    IN CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    KS CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 183.C24.R
    KY CE 7 7 Classroom Classroom 07/01/2024 05/30/2025
    LA CE 7 7 Classroom Classroom 04/27/2020 04/17/2026
    MA CE 7 7 Classroom Classroom 04/18/2023 05/07/2025 120107
    MD CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    ME CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    MI CE 7 7 Classroom Classroom 03/01/2024 04/17/2026 20-700337
    MN CE 7 7 Classroom Classroom 06/01/2022 05/31/2026 1029540
    MO CE 7 7 Classroom Classroom 04/18/2023 04/17/2026
    MS CE 7 7 Classroom Classroom 01/29/2023 07/27/2025 MAB #50283
    MT CE 7 7 Classroom Classroom 05/02/2023 04/17/2026 REA-CEC-REC-16697
    NC CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 4367
    ND CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 CE-223033
    NE CE 7 7 Classroom Classroom 05/04/2020 05/04/2025 2201426.02
    NH CE 7 7 Classroom Classroom 04/18/2023 04/17/2026
    NJ CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    NM CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 4237
    NV CE 7 7 Classroom Classroom 08/06/2024 07/31/2025 CE.0009746-A
    NY CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 A5182-07
    OH CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 084402304A 22
    OK CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 807
    OR CE 7 7 Classroom Classroom 05/01/2023 04/17/2026 APIN-C-0323-8977
    PA CE 7 7 Classroom Classroom 04/18/2023 04/17/2026
    PR CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    RI CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 REA.0001992-CE
    SC CE 7 7 Classroom Classroom 09/01/2024 08/31/2026 CE 1889, AC . 1889
    SD CE 7 7 Classroom Classroom 05/27/2023 04/06/2026 SD 1411 CE
    TN CE 7 7 Classroom Classroom 07/01/2024 06/30/2026 2391
    TX CE 7 7 Classroom Classroom 04/18/2023 04/30/2025 TX Provider #:10 Course #: 39422
    UT CE 7 7 Classroom Classroom 07/01/2024 06/30/2026 AC240607
    VA CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    VT CE 7 7 Classroom Classroom 05/01/2024 01/26/2028 CA-222779
    WA CE 7 7 Classroom Classroom 04/18/2023 04/17/2026 A23008194
    WI CE 7 7 Classroom Classroom 04/17/2023 04/17/2026 73511
    WV CE 7 7 Classroom Classroom 04/18/2023 04/17/2026
    WY CE 7 7 Classroom Classroom 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
    Additional Course Offerings
    Sponsor Date Location Format
    Wyoming, North Dakota, and South Dakota Chapter December 6, 2024 Synchronous View Details Register
    Event Information

    Registration begins at 7:30 a.m. CT

    Class begins at 8:00 a.m. CT

    Class ends at 3:30 p.m. CT

    Register by 11/29/2024

    Registration will not be possible after 11/29/2024

    Check state approvals before registering to make sure the states you are licensed in have approved the course/seminar.