Sat., Sept. 16
8:00 - 11:30 A.M.
FHA Roadmap: Bryan Reynolds, MNAA, Appraiser eLearning (Part 1)
Looking to become an expert in appraising single family residential properties for the Federal Housing Administration (FHA)? Look no further than our comprehensive course, designed specifically for lenders, appraisers, and brokers. FHA Roadmap course provides detailed guidance on appraising properties under the latest requirements set forth by the HUD Single Family Residential (SFR) Handbook 4000.1, which was just updated on January 18, 2023, with an effective date of April 8, 2023.
But that’s not all – we’ll also delve into the recent changes that are set to impact appraisers and users of appraisal services, ensuring you’re up-to-date with all the latest developments.
Out of the four forms adopted by FHA, we focus on the Uniform Residential Appraisal Report (form 1004) as set forth in the new Handbook. Our experts believe that every residential appraiser should be aware of these requirements since an appraisal prepared according to the FHA guidance should meet any other SFR requirements.
Our course goes beyond simply covering the technical requirements, however. We also provide instruction on complying with the Uniform Standards of Professional Appraisal Practice (USPAP) and on enhancing consumer protection by detecting illegal flipping and other potential regulatory violations. By the end of our course, you’ll have a solid understanding of current FHA policies for the application of the URAR in FHA-oriented appraisal practice, as well as with USPAP compliance issues.
Join us and take your appraisal skills to the next level!
Sun., Sept. 17
8:00 - 11:30 A.M.
FHA Roadmap: Bryan Reynolds, MNAA, Appraiser eLearning (Part 2)
12:30 - 3:30 P.M.
Non-CE Session - How to EXCEL as an Appraiser: Timothy Andersen, MNAA, The Appraisers Advocate and Scott Cullen, MNAA,
This is an interactive class that equips appraisers with a powerful lens through which to view the appraisal problem. Participants will receive an Excel Workbook with sheets that show how to extract the percentage of contributory value by cost analytics and apply that to supporting half the adjustments in the sales grid. Appraisers will learn how to finish the grid using scatter plots for adjusted pair and sensitivity analysis.
Cost analytics begins with unbiased, third party cost data. From that foundation we will build a fully supported grid on which to base the value opinion.
Bring your laptop or meet a new colleague in the room who will share. The presentation will be live on screen with a ZOOM link provided if that is easier for you to view.
12:30 - 5:00 P.M.
Appraiser Trainee/Supervisor Sessions (Admission is free)
1:00 - 4:00 p.m.
Eliminating Bias and Developing Cultural Competency - with Real World Relevance: Peter Christensen, Christensen Law Group
In this class, you'll find out—from an attorney who handles these cases in courts and administrative bodies. We'll discuss new ways to think about bias and reduce your legal risk.
Then we'll push through buzzwords like “cultural competency” to get to the real meaning and discover why this concept is so important for appraisers. And you’ll see how a lack of cultural competency had led appraisers into legal quagmires.
Mon., Sept. 18
8:00 - 8:15 A.M.
Welcome and Opening Remarks: Joshua Walitt, MNAA, The National Association of Appraisers and Hal Humphreys, MNAA, Appraiser eLearning
Presenters will make introductions and provide an overview of the conference learning objectives, CE/Attendance policies, and completion requirements.
8:15 - 9:00 A.M.
Non-Lending Assignments: Barry Phillips, MNAA, Phillips Appraisal Services and Jason Covington, MNAA, Velox Valuations
Presenters will provide an overview of the possibilities and requirements of non-lender appraisal work, such as ad valorem tax appraisals, pre-purchase/pre-listing, divorce, IRS appraisals, estate planning, bankruptcy, relocation and more. Through diversification, appraisers can strengthen their technical skills and enhance the quality of their written/oral reports. Overall, participants will have a better understanding of appraisal work, and especially how intended use varies based on the type of appraisal.
9:00 - 10:00 A.M.
Writing for Your Intended User: Heather Sullivan, MNAA, Aloft Appraisal and Pam Teel, MNAA, Teel Consulting Services
Presenters will discuss how appraisers need to communicate at the level of understanding of their client and additional intended users . As you know, USPAP requires the appraiser to identify the intended user and intended use of the appraisal. Language and words matter, in appraisal this is no different. While the intention of an appraisal report is to clearly and concisely outline the support for an estimate opinion of market value, it can still contain language that feels like jargon. Don’t use appraisal jargon the users don’t understand and if you do use it, define it. All appraisal reports should be written with the intended user in mind.
10:30 A.M. - 12:00 P.M.
Completing Desktops and Hybrids-An Appraiser’s Experience: Cathy Putegnat, MNAA, Homestead Appraisals, Chris Shoemaker, Sunshine Appraisal and Consulting and Jeff Morley, MNAA, Accurity Consolidated
Presenters will explore the GSE's transition to alternative valuation methods. Each presenter is a practicing appraiser with experience completing desktop and hybrid appraisals. We will address concerns about desktop and hybrid appraisals, third-party data collections, remote inspections, and collateral risk concepts. By the end of this session, participants learn best practices for performing alternative valuation services in compliance with USPAP.
1:00 - 1:45 P.M.
Federal Valuation Regulatory Update: Jim Park, ASC
Presenter will provide an update on recent valuation related activities of the ASC and other federal financial regulatory agencies. He'll also discuss any federal pending or draft legislations affecting appraisers.
1:45 - 2:30 p.m.
USPAP Preview and AQB Update: Lisa Desmarais, MNAA, The Appraisal Foundation
Presenter will review pertinent changes in the USPAP document effective January 1, 2024. Presenter will also cover upcoming changes to the appraiser qualification requirements.
3:30 - 5:00 P.M.
An Unbiased Opinion: Joshua Walitt, MNAA, NAA (Moderator), Craig Capilla, Franklin, Greenswag, Channon & Capilla, LLC, Bryan Reynolds, MNAA, Reynolds Appraisal Service, Byron Miller, BM Appraisals, Cristy Conolly, Class Valuation and Gene Staples, Hope Church Las Vegas
This panel of presenters will explain the differences between implicit/unconscious bias, explicit bias, intentional discrimination, and stereotypes. Then, presenters will cover real-world examples and situations where the public has believed there by bias by appraisers. To goal of this session is to help participants identify, address, and avoid bias in the appraisal process.
We all have bias. Understanding that bias exists is the first step.
5:00 - 6:00 P.M.
NAA Membership Meeting: Joshua Walitt, MNAA, The National Association of Appraisers
(This meeting is open to all conference attendees.)
Tues., Sept. 19
8:00 - 8:45 A.M.
Leveraging Technology in the Appraisal Process: Jessica Jenkins-Tome, MNAA, Opteon USA
Presenter will introduce the most recent software and technology available in real estate appraisal. The goal of this session is to help appraisers create a better appraisal report and increase their productivity. By leveraging technology, appraisers can sharpen their appraisal skills while also increasing the efficiency and profitability of their practice. By the end of this session, participants will understand two distinct ways to leverage technology in the appraisal process: (1) to hire a helper or a team of individuals to maximize strengths as a business owner, and (2) to embrace technology to make you a more proficient and productive appraiser.
8:45 - 9:30 A.M.
Supervisor and Trainee Processes Across States: Randy Flowers, RSDS (Moderator), Kharon Brown, RSDS and Jordan Chapman, RSDS
Are we obligated to give back to the profession? What if you could help the profession and your business?
Barrier to entry has been a 30+ year problem in the appraisal industry. Currently, the appraisal profession is suffering from a lack diversity and inclusion, and not to mention a shortage of qualified labor.
Presenters will discuss how their firm handles multiple supervisors and trainees across the country. The goal is to discover the positive aspects of becoming a supervisory appraiser and discuss how taking on a trainee can help the appraisal profession and your business. By the end of this session, participants will have a better understanding of how to hire and train the next generation of diverse, professional appraisers.
10:25 - 11:05 a.m.
Fannie Mae Market and ADI Updates: Lyle Radke, Fannie Mae
11:05 - 11:20 A.M.
Fannie Mae/Freddie Mac - Forms Redesign: Lyle Radke and Scott Reuter, Freddie Mac
Presenters will discuss policy updates; status of modernization efforts (form redesign, hybrid model, etc.); appraiser coverage, diversity & inclusion; affordable housing programs and community projects.
11:20 - Noon
Freddie Mac Market Update, Scott Reuter, Freddie Mac
1:00 - 1:45 P.M.
Update on VA Appraisal Modernization: James Heaslett, VA
Presenter will discuss VA policy and appraisal modernization updates, the steps and processes required for an appraiser to join the VA panel, compliance issues specific to VA appraisals, the VA Review Process, and future plans for VA roll-outs.
1:45 - 2:30 P.M.
Navigating GSE and Governmental Websites and Manuals: Hal Humphries, MNAA, Appraiser eLearning, Malinda Griffin, MNAA, Malinda Griffin & Co. and Sierra Alden, Priority Appraisal, LLC.
3:00 - 3:45 P.M.
A Word From Your Lawyer: Peter Christensen, Christensen Law Firm
3:45 - 4:30 P.M.
Glancing Back While Looking Forward…The Future of Appraisal: Mike Brunson, MNAA, RPD Analytics, LLC
Appraisers need to stay informed on revisions to the professions, including new regulations and technologies, adapting to these changes as best as possible while advocating for the industry. Change isn’t always a bad thing, but resisting the change, typically is. This presenter will take us on a short journey through the past and into the future of the appraisal profession.