Title: Automated Appraisal Review and You: Adapting in an Era of Automation
Description: With the advent of UAD and UCDP the GSEs and others have been capturing data that, when coupled with other data sources, allows for an automated review of the appraisal report. As a result, the process of appraisal reporting and review is undergoing a transformation that requires appraisers, underwriters and others to adapt to a new way of doing things.
This seminar is designed to provide appraisers and lenders with an understanding about the workings of automated appraisal review systems. The program addresses inter-party communication and contains a series of examples illustrating how automated systems check for compliance – USPAP, lender, investor, etc., completeness, red flags – risky characteristics, misrepresentations, omissions and inconsistencies within the appraisal report.
- Basic understanding of automated appraisal review systems
- Increased awareness – successful interaction with clients
Ryan Hayes, Senior Vice President, Salem Five Bank
Adam Johnston, SRA, AI-RRS, Chief Appraiser, Genworth Mortgage Insurance
Susan Martins-Phipps, M.Ed, GRI, Certified Residential Appraiser, CIPS
September 14, 2017
Gurney’s Newport Resort & Marina
1 Goat Island
Newport, RI 02840
Member price: $95
Non-Member price: $125
This seminar is approved in MA (R/NR), ME, NH and RI for 3-hours of continuing education credit and has been submitted to CT for up to 3-hours of appraiser continuing education credit.