About the Series
Join us for a 4-session series for a focus on ensuring the correct research and analysis is conducted to support market condition (time) adjustments, as well as adjustments regarding certain property features.
At a time when Fannie Mae and Freddie Mac are expecting more support for trends and adjustments, investigators are receiving more complaints, and change is all around the appraisal profession, revisiting and strengthening the adjustment and reporting process is needed by many appraisers.
Come ready to learn. (You might even want Excel open on your computer!) We'll look at the analysis of data, examples of tools and technology available to appraisers, and applying logic for final trend and adjustment conclusions. This series is non-CE.
Who can join? Appraisers will benefit from the series. Others are welcome to join.
Recordings: Sessions are recorded for playback anytime.
Agenda
Are you ready to explore supported adjustments related to market change? Whether you are an appraiser, loan officer, or real estate agent, market condition adjustments (aka, time adjustments) are crucial to many appraisals. Discussion and materials in this part relate to preconceptions related to time adjustments, the use of technology, and the methods of analysis in support of trends and adjustments.
Part 2
We are drilling down further into the appraiser's toolbox of methods and tools at the professional appraiser's disposal. In this part of the series, we take a closer look using more than one analysis technique to reconcile to a market condition (time) adjustment that is supported and explainable. Let's not forget the workfile - we'll also explore how we can save our research and conclusions in a quick, efficient manner so that our records are understandable to us later.
Moving further into the adjustment process, we will explore our analytical methods more, consider technology in the marketplace, and begin considering visual graphs and charts. Are they more appropriate to retain in our workfile, attach to our appraisal report, or a little bit of both? Visual exhibits not only help the appraiser to understand the market activity but can help the report's intended user to also understand some market nuances.
In part 4, we put it all together, especially focusing on the text explanations in the appraisal report. Do the various areas of the report make sense together? Can the intended user understand the report? In this part, we connect all the dots to see how our methods and best practices meet the industry standards, including the GSEs' requirements related to market condition adjustments and trend analysis.