Appraisal Procedures
This title is one of the many courses available in the AllRegs Education Package subscription program!
This course is intended to provide you with an overview of the appraisal and valuation process. It will start by introducing you to the appraiser and summarizing appraiser qualifications. The course also examines what appraisers can and cannot do. After completing this course, you will have a better understanding of the need for appraiser independence and of automated valuation models (AVMs). Finally, this course will provide you examples of fraud as they relate to appraisals and the mortgage industry.
What will I learn?
- Recognize appraisal licensing and certification agencies
- Distinguish the role of the appraiser
- Identify appraiser qualifications
- Recognize the components of the valuation process
- Distinguish characteristics of automated valuation models (AVMs)
- Identify appraiser independence requirements
- Define fraud and identify its consequences
Course Audience
- Appraisers
- MLOs
- Processors
- Underwriters
Course Length
38 mins (approximate)
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.