Bill Cobb Appraiser, of Greater Baton Rouge, recently attended the 7 hour continuing education "Common Appraisal Errors" taught by Appraiser and Educator, Melissa Bond of http://www.ceinstructor.com/. I always highly recommend taking CE from Melissa because she's still a "boots on the ground Appraiser", unlike some CE Instructors who haven't appraised a home in well over 20 years. And, several others told me that's the exact reason Melissa is their favorite instructor.
This class was a review of:
Focus on minimizing common errors noted by FHA, VA, USDA and Fannie Mae
GSE (Fannie Mae, Freddie Mac) requirements for accuracy and accountability
USPAP compliancy (Uniform Standards of Professional Appraisal Practice)
Review of Appraiser’s Certification
4 Case Study Breakouts
TIPS FROM MY NOTES:
*Ensure FHA's 221- case # is correct
*Address on report should match the address on engagement letter even if engagement letter is incorrect (make a note on page 3 of FNMA form).
*Remember FHA's 3 S's: Safety, Soundness and Security
And, a whole lot more helpful reminders...
Do FHA Appraisers Still Have To Ensure Appliances Are Operational?
There was a clarification of FHA's rule on appliances, which is totally contradictary to what's being reported by the national media. The national media is reporting Appraisers now don't have to ensure appraisals are operational, see http://www.themreport.com/daily-dose/10-05-2016/hud-grants-appraisers-reprieve. However, this is entirely false reporting, see the actual HUD change below from Pete Gillispie: https://www.appraisalbuzz.com/the-latest-updates-to-sf-handbook-4000-1/
And, lunch with Louisiana Appraisers Doug Hanna, Mel Edwards and Al Cain (from left to right)!