Evaluating a Report for USPAP Compliance

4.25 Average Rating

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Evaluating a Report for USPAP Compliance has earned an average of 4.25 out of 5 stars from 53 ratings.

This course was written and produced by The Appraisal Foundation and is being presented through a partnership with McKissock.

Upon completion of this seminar, the professional should be able to:

  • Understand how the Standards Rules of USPAP relate to the various steps in the appraisal process;
  • Understand the COMPETENCY RULE and how it is applied in selecting a qualified appraiser for a specific assignment;
  • Explain the role USPAP plays in protecting the public interest; Understand the role the lender plays in ensuring appraisers are provided with adequate and accurate data to complete an assignment credibly;
  • Know the importance of accurately identifying the Intended Use and Intended User(s) of an appraisal assignment;
  • Understand the relevance of appropriate report dates and the potential problems that can arise if edits are made subsequent to assignment completion;
  • Recognize the importance of utilizing reviewers who meet the requirements of the COMPETENCY RULE, particularly in complex assignments;
  • Differentiate between the terms “summarize” and “state” as they relate to Standards Rules 2-2(a) and 2-2(b);
  • Understand the difference between a review and an Appraisal Review; and
  • Recognize the information in an Appraisal Report or a Restricted Appraisal Report needed to comply with STANDARD 2.

Chapter list:

1. Chapter 1: Seminar Introduction and Objectives
2. Chapter 2: The USPAP Publication
3. Chapter 3: Key USPAP Definitions
4. Chapter 4: Rules
5. Chapter 5: STANDARDS 1 and 2
6. Chapter 6: STANDARDS 3 and 4
7. Chapter 7: USPAP Advisory Opinions

Banking Suite Professional Development Course Ratings and Reviews

McKissock is rated 4.3 out of 5 by 148.
Rated 5 out of 5 by from I enjoyed this course. I felt like it user friendly and was very informing.
Date published: 2018-08-20
Rated 5 out of 5 by from Simple and straightforward information regarding USPAP compliance. The quizzes are designed to make sure you are paying attention, so remember to take notes. Helpful and informative. Thanks!
Date published: 2018-08-05
Rated 5 out of 5 by from For someone who is starting to learn about appraisals, I believe this was good resource to learn from. Just like anything that you are learning for the first time, it's important to learn it the right way the first time. I think this course put me on that right path.
Date published: 2018-03-09
Rated 5 out of 5 by from Even after being in the profession for a few years, there are clarifications that were sometimes misinterpreted or not fully understood. This course helped to solidify some of those definitions and interpretations.
Date published: 2018-02-06
Rated 5 out of 5 by from This is a good refresher for experienced appraisers and people just becoming familiar with the subject. The laws are changing and the reviews are becoming a very important part of the appraisal process. Dodd-Frank has added a review component that will enhance appraisers ability to widen their review skills. This course could provide a ramp for those who are taking on increasing review work.
Date published: 2017-09-24
Rated 5 out of 5 by from Great class for mortgage professionals to have an understanding of USPAP & better communication with appraisers.
Date published: 2017-06-04
Rated 5 out of 5 by from This course was very helpful. I was able to understand the information provided in the course with ease. I highly recommend this course.
Date published: 2017-05-02
Rated 5 out of 5 by from Although, very dry, the course served its purpose.
Date published: 2016-10-25
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Is there a certification or some form of documentation that is given upon completion of this course? As an employer I am looking to have contractors take this class and provide confirmation of successful completion.

Asked by: Kris 1975
Once the course is completed, you will have access to print a certificate from the completed course tab of the website.
Answered by: McKissock
Date published: 2018-08-06
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