Quality Assurance in Residential Appraisals

Date: June 25, 2009, Time: TBA

This unique new seminar was designed to show the residential appraisal community the consistent problems found by underwriters, appraisal reviewers, quality control divisions, and fraud investigators. Although this seminar was developed around the Uniform Residential Appraisal Report form (URAR) it is not intended to review the entire form. This is a "real-world" educational experience - all class discussion exercises and examples of appraisals are from real cases, with appropriate identification information changed for the purpose of confidentiality. The seminar will review areas of the appraisal that reveal red flags that the value is unsupported.

Upon completion of this seminar participants will be able to:

• Understand key issues and concerns the lending industry has towards residential appraisals
• Understand key issues and concerns the appraisal industry has towards the lending industry
• Recognize specific problems that lenders encounter with appraisal reports
• Identify actions that appraisers do to render faulty appraisals, thus impacting the creditability of the appraisal profession
• Recognize the responsibility of the appraiser as being the primary gatekeeper charged with providing a completely independent, quality appraisal
• Identify the omissions found in appraisals that are in violation of USPAP
• Learn the new sections of the URAR and the increased details required
• Recognize the red flags consistently noted on faulty appraisals
• Understanding of the difference between underwriting guidelines and proper appraisal procedures and how to bridge the gap

Cost: $275/Member | $325/Nonmember

Where:
Embassy Suites
600 E. Benson Blvd.
Anchorage, AK 99503

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