Most agents only see one side of the appraisal process, and that gap costs deals. This two-hour CE class brings both the lender and the appraiser into the same room so you can see exactly how the process works from start to finish.
Will Michalski of VIP Mortgage kicks off the class by covering the lender's side of the appraisal: ordering the appraisal, what the lender needs from you, AIR rules, the difference between an AMC and an appraisal desk, VA appraisals, the role of the underwriter and the Collateral Underwriter, property inspection waivers, what to do when an appraisal comes in low, required repairs, and escrow holdbacks.
Jeff Prewitt, Certified Residential Appraiser with Prewitt Appraisals, takes the second half from the appraiser's perspective. He covers what happens after the appraiser receives the order, how research and scheduling actually work, what goes on during the property inspection (including FHA and VA requirements), and the methodology behind the numbers. Jeff digs into how appraisers select comparables, the adjustment methods appraisers actually use, the difference between market value and appraisal value, and how to successfully present a reconsideration of value when a report comes in low.
Will Michalski of VIP Mortgage kicks off the class by covering the lender's side of the appraisal: ordering the appraisal, what the lender needs from you, AIR rules, the difference between an AMC and an appraisal desk, VA appraisals, the role of the underwriter and the Collateral Underwriter, property inspection waivers, what to do when an appraisal comes in low, required repairs, and escrow holdbacks.
Jeff Prewitt, Certified Residential Appraiser with Prewitt Appraisals, takes the second half from the appraiser's perspective. He covers what happens after the appraiser receives the order, how research and scheduling actually work, what goes on during the property inspection (including FHA and VA requirements), and the methodology behind the numbers. Jeff digs into how appraisers select comparables, the adjustment methods appraisers actually use, the difference between market value and appraisal value, and how to successfully present a reconsideration of value when a report comes in low.
Agents will leave the class with a complete picture of how appraisals work, what to expect at every step, and practical tools they can use to better serve their clients and keep transactions on track. 2 CE credits.