Appraisal fraud is one of the fastest growing financial crimes in the real estate industry. This course will take you through the integral steps you need to take to avoid mortgage fraud as an appraiser. 

COURSE HIGHLIGHTS: 

• Get an in-depth look at mortgage and valuation fraud and the various fraud schemes common today 
• Examine the appraiser’s role in various types of real estate and mortgage-related swindles 
• Learn the steps you can take to limit your liability and decrease the likelihood of becoming ensnared in a mortgage fraud scheme

Gain a greater understanding of the lending and foreclosure processes leading to properties becoming real estate owned (REO), and the roles and responsibilities of valuation professionals in this process. 

COURSE HIGHLIGHTS: 

• Explore the development of the traditional approaches for residential appraisals, with emphasis on the challenges associated with REO and foreclosure properties 
• Examine an appropriate scope of work for an REO appraisal
• Gain insights on the concepts of cost to repair and cost to cure, along with data sources to support cost estimates

This course will examine the general topic of factory-built housing and then focus on manufactured housing, specifically HUD Code homes. The course will introduce MH Advantage® which is Fannie Mae’s program to help ease the nation’s affordable housing shortage by providing financing on modern, high-quality manufactured homes. The course includes case studies dealing with comparable selection and adjustment support, and will cover also common deficiencies found in manufactured home appraisals.