Why is the collateral review so important to every mortgage file? Don't miss this 1-day workshop designed to provide you with the tools you need to order and review your appraisal or inspection reports from a qualified appraiser, and determine that the report is acceptable and the property is eligible for sale to Freddie Mac.
This workshop will lay the foundation to understanding industry terms and qualifications for appraisers. You will be able to answer the question "What are the fundamentals for selecting the right appraiser, and how do I review the report?"
Upon completion of this workshop, participants will gain understanding of the Minimum Assessment Feedback responses returned by Loan Prospector, and key areas of focus in reviewing an appraisal or property inspection report.
Prerequisites:
Participants should possess basic appraisal knowledge for the mortgage industry.
Objectives:
Participants completing this workshop will have a knowledge base of appraisal and inspection forms, a foundation for understanding industry terms and appraiser qualifications, and awareness of key areas of focus for reviewing appraisal or property inspection reports for sale of loans to Freddie Mac.
Topics:
Identify industry terms and appraiser qualifications
Understand Minimum Assessment Feedback responses from Loan Prospector
Identify key areas of focus in reviewing appraisal or property inspection reports
Apply Freddie Mac underwriting guidelines for collateral review
Reviewing Appraisal & Inspection Reports Workshop