Persistent Appraisal Failures
Some Appraisers Still Don't Get It
Appraisal Quality Monitoring System (AQM) along with the computer system known as the Collateral Underwriter (CU) "review" tens of thousands of appraisals each day. Despite the implementation of this system, extgensive feedback and outreach, a high appraisal failure rate persists. This class outlines many of the most common failures noted by the CU, appraisal reviews, and interviews with chief appraisers of lenders and AMCs. This class will explain the failures and offer solutions that should help appraisers reduce the call-backs, hard stops, and the need for corrections.
As a result of taking this class, the participants shall:
- Understand how computers are changing the appraisal system;
- How persistent appraisal failures lower an appraiser's rating and classification;
- Understand the top issues impacting clients, AMCs, and appraisers;
- Be provided solutions to cure the persistent failures.
The instructor is Richard Hagar, a nationally recognized authority on issues relating to compliance and legislation relevant to real estate appraisals, lending, and mortgage fraud. He is also an expert in recent federal and state laws impacting the entire industry.
This class is approved for 7 hours of continuing education by the California Bureau of Real Estate Appraisers (BREA Approval # 17CP986603065).
Because of the importance of the material, REAA Sacramento is extending member pricing to non-members for this class: $120 for everyone. Class includes lunch at the Dante Club.
YOU DO NOT NEED TO BE AN REAA MEMBER TO TAKE THIS CLASS. HOWEVER, YOU MUST HAVE AN REAA WEBSITE ACCOUNT (FREE) TO RECEIVE YOUR CLASS CERTIFICATE-NO EXCEPTIONS.
8:00 to 9:00 Check-in
9:00 to 12:00 Class-First Session
12:00 to 1:00 Lunch
1:00 to 5:00 Class-Second Session
Registration cut-off is Tuesday, October 17 at noon. Please sign up on our website by then so we can know how many meals to order.