April 16, 2019 || 8:30am - 4:30pm
Hours: 7 CE
Instructor: Sharon K. Lowman, MAI, SRA
Fannie Mae revised 11 of its appraisal forms. Let's look at the 1004, 1004MC, 1004C, 1004D, 2055, 2065, 2070, 2075, ERC, etc. and review any changes or problem areas. A comprehensive review of the 1004MC form will be done and a case study example worked. Students will be given a free spreadsheet to use when MLS data is not available and a free software program to extract data from your MLS into the 1004MC form. The program works with most (not all) MLS systems. Concerned about liability, especially when doing drive-bys? What can the appraiser do or say in the report to limit one's liability? Be informed, limit your liability. Who should attend? Appraisers, review appraisers, lenders, underwriters.