Education

PAASD - VA Home Loan Guaranty Program and The Residential Marketplace

Starts: Jan 15, 2020 8:00 AM
Ends: Jan 15, 2020 4:00 PM
City: Chamberlain
Location: Arrowwood at Cedar Shore Resort
Room: Bridges Conference Center
Instructor: The VA and Doug Potts, MAI, AI-GRS
CE Hours: 7
Network Provider: PAASD

About the Course:

On Wednesday, January 15, 2020, PAASD will sponsor two seminars totaling 7-Hours of Continuing Education.

8:00 AM to 12:00 PM - VA HOME LOAN GUARANTY PROGRAM FOR REAL ESTATE PROFESSIONALS
Provided by: Department of Veterans Affairs, St. Paul Regional Loan Center

AND

1:00 to 4:00 PM - THE RESIDENTIAL MARKETPLACE - EXPECTATIONS IN APPRAISALS, EVALUATIONS & ALTERNATIVES
Instructed by: Douglas Potts, MAI, AI-GRS

Both seminars constitute a one-day 7 hour seminar.

VA seminar is approved for 4 hours of CE from the SD Appraiser Certification
Program and the SD Real Estate Commission

Doug Potts seminar is approved for 3 hours of CE from the SD Appraiser Certification
Program and the SD Real Estate Commission

About the Instructor:

VA will have two presenters for their 4-hour morning seminar - an underwriter and an individual from their appraisal team.

Topics covered include the following:
• Benefits of a VA Home Loan
• Determining Veteran Eligibility
• Obtaining Certificate of Eligibility for Veteran
• Determining Property Eligibility
• Financing Options
• Income and Credit Requirements
• The Appraisal Process
• Appraiser Requirements
• Determining Minimum Property Requirements
• Procedures for Handling Value Disputes

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Doug Potts will explore the ever-changing residential appraisal marketplace and pose the question: Is the era of the traditional residential appraisal at an end? Will evaluations, hybrid appraisals and AVMs dominate the future and permanently constrain the residential appraisal profession as we know it?

Course participants will gain enhanced understanding of:

·         How did we get to now? A brief history of the history of residential lending.
·         A primer on real estate’s function in real estate lending in the nation’s banks
·         An understanding of requirements for appraisals and alternatives contained in FIRREA and guidance, including the Interagency Appraisal and ` Guidance and subsequent issuances.
·         The current regulatory environment for residential appraisals -- both those held by banks in portfolio, and those sold on the secondary mortgage market.
·         The “appraisal trifecta” in state regulation, and where regulations are evolving.
·         The Appraisal Foundation and the Evaluation White Paper
·         Appraisals, Evaluations & AVMs – divergences of expectation & reliability
·         A summary of the evolution and encroachment of evaluations and AVMs in the valuation marketplace, due to both regulatory and technological change.
·         A summary of other alternative products and valuations, and discussion of potential opportunities for appraisers.

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Register by January 6, 2020:
Members of PAASD and ASFMRA: $150
NOTE: ASFMRA Members: Please enter "asfmra" in the coupon code area.
Non-Members: $275 Fee includes 2020 membership in PAASD - a $125 value

After January 6, 2020, Add $25

REALTORS and LENDERS, Please call Bev Luke for registration: 605-381-9415
NOTE: ASFMRA Members: Please enter "asfmra" in the coupon code area.

Wednesday, January 15, 2020
Sign-In: 7:30 am
Class: 8:00 am to 4:00 pm (See morning and afternoon time schedule above)
Lunch: 12:00 to 1:00 pm

Breaks and lunch included

Location: Arrowwood Resort & Conference Center at Cedar Shore
Take Exit 260 from I-90 - follow W Hwy 16 to Shoreline Dr
605-734-6376

Dress in layers as the temperature in hotel classrooms is difficult to regulate.

Room block has been extended...
Contact Arrowwood Cedar Shore by December 31, 2019, for the room rate of $89.95 - 605-734-6376.

Call Bev Luke, 605-381-9415 or email: bkluke@rushmore.com if you have questions.