ZeynZeyn

By Ginny Buckley

Test – Appraising Manufactured Homes

This course titled Appraising Manufactured Homes is designed to educate appraisers in the appraisal of manufactured homes.  This course will be advantageous to not only appraisers wanting to add manufactured homes to their catalog of appraisal services, but also serves to keep appraisers up-to-date with changes in the manufactured home industry and compliance requirements.

 

 

 

 

By Jeremy Johnson

Income Capitalization Overview

This introductory course is a hands-on learning exercise explaining cost approach valuation and the methods included in calculating it. Students will learn ways to estimate depreciation and cost. The course includes various examples to ensure proper understanding and retention.

By Jeremy Johnson

Sales Comparison Approach

How does the property you are appraising stand up to recently sold properties in the same area? This course walks the student through the sales comparison approach to real estate appraisal. Learn the procedures recommended in the collection of data, as well as which way adjustments can be estimated. This course is hands-on as it includes multiple examples to help the student apply and retain the information.

By Jeremy Johnson

Appraisal Math and Statistics

A true understanding of appraisal math is essential for success as a real estate appraiser. This course offers students insight into key mathematical functions including the mathematics of finance, and calculating area and statistics involved in appraisal.

By Jeremy Johnson

2016-2017 NATIONAL USPAP 7-HR UPDATE

This is the 7-Hour National USPAP UPDATE Course approved by the Appraisal Standards Board of the Appraisal Foundation. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards; federal, state, and local agencies, appraisal services; and appraisal trade associations require compliance with USPAP.

By Jeremy Johnson

Main Event: Neighborhood Analysis

Since Fannie Mae introduced their market conditions addendum form – the 1004 MC – the confusion surrounding it and the information to be provided in the Neighborhood Section of Fannie Mae’s appraisal report form has not abated. In fact, if anything, it has increased in direct proportion to the amount of time during which appraisers have been required to complete and append this form to appraisal reports. And, to compound matters, Fannie Mae and HUD’s FHA have different requirements for analyzing and reporting neighborhood trends.

This course is NOT a “how to fill in the 1004MC” class as they have been done to death with little apparent success to show for it. Rather, it focuses on how to the development of market conditions conclusions (neighborhood analysis) and how to more effectively report them to a client who is primarily interested in one thing:  RISK ANALYSIS. Despite the “boxing match” between Fannie Mae and FHA with respect to what constitutes a meaningful neighborhood analysis, they do have one thing in common:  the need for the appraiser to be able to develop and report neighborhood trends appropriately.

Course Objectives:

  • Help the appraiser understand that “neighborhood” and “market” are not always synonymous nor are they always different
  • Lay the ground work for understanding Fannie Mae’s and FHA’s neighborhood analysis requirements
  • Enable the appraiser to develop and report neighborhood analyses, and ultimately market condition trends, in a manner which is more meaningful to the lender/client

By Jeremy Johnson

Understanding FHA Today

Part 1: Course Information

Instructor Information

Instructor: Jeremy Johnson
Office Hours: 9am-5pm & Mon-Fri
Office Telephone: 480-730-4801
E-mail: info@cannonedu.org (Note: Email preferred 48 hours to respond)

Course Description

1.      Pair the mortgagee’s requirements with those of the appraiser, in order to help clarify the appraiser’s responsibilities, and

2.      To reinforce that appraisers are not loan qualification decision‐makers, but that they do play a critical role in the decision-making process.

The appraiser’s “job” is, first and foremost, to form opinions as to whether or not the subject property would meet HUD’s minimum property requirements, and then to provide an opinion of the market value of the subject property in compliance with the 4000.1 Handbook.

Prerequisite

  • None

Textbook & Course Materials

Recommended Texts & Other Readings

  • Preparing and FHA Appraisal- Available online in course

Course Requirements

  • Internet connection (DSL, LAN, or cable connection desirable)
  • Access to Gnosis

Course Structure

This course will be delivered entirely online through the course management system Gnosis. You will use your Gnosis account to login to the course from the Gnosis login page.

In Gnosis, you will access online lessons, course materials, and resources. At designated times you will participate in self-paced activities using Gnosis and alternative Internet-based technologies. Activities will consist of reading, assessments, and surveys.

Gnosis Access

This course will be delivered online through a course management system named Gnosis.

To access this course on Gnosis you will need access to the Internet and a supported Web browser (Internet Explorer, Firefox, Safari, Chrome).

Technical Assistance

If you need technical assistance at any time during the course or to report a problem with Gnosis you can:

  • Visit the Gnosis Student Resources Page
  • Review Gnosis Student Orientation
  • Submit a Gnosis Problem Form

Important Note: This syllabus, along with course assignments and due dates, are subject to change. It is the student’s responsibility to check Gnosis for corrections or updates to the syllabus. Any changes will be clearly noted in course announcement or through Cannon

Part 2: Course Objectives

Over the course of many years, appraisers had been placed in positions and taken on roles which didn’t fall under their realm of responsibility.  According to HUD, one of the primary functions of the new Handbook was returning the decision‐making process (property eligibility for an FHA‐insured mortgage) back its rightful owner – the MORTGAGEE.

The primary objectives of this course are:

  • Identify the locations of the HUD 4000.1 Handbook for download and/or reference so that the FHA Roster Appraiser has the Handbook available for research and referral
  • Provide an overview of the HUD Handbook, in its entirety, so the appraiser understands the responsibilities of the mortgagee and the appraiser
  • Pair the appraiser’s requirements and responsibilities with those of the mortgagee to help the appraiser better understand the need for strict compliance with the handbook

The material presented in this course will benefit:

  • The appraiser who desires to become an FHA Roster Appraiser,
  • The appraiser who misunderstands the requirements of the Handbook, and
  • The appraiser who has been sanctioned by HUD and required to take a 7‐hour Appraising for FHA course in order to remain in good standing on the FHA Roster.

Part 3: Topic Outline

  • Module 01: Navigating the FHA Handbook 4000.1

o   Where to find the FHA Handbook 4000.1

o   Doing business with the FHA

  • Module 02: Title Insured Housing Programs Forward Mortgages

o   Initial documentation process

o   Selection of a qualified FHA Appraiser

o   Transferring existing appraisals

o   HUD-92541

  • Module 03: General Appraiser Requirements

o   Property compliance with new and existing property

o   Legal and land use considerations

o   Minimum property requirements

  • Module 04: Characteristics of Property Improvements

o   Minimum property requirements and minimum property

o   Acceptable appraisal reporting forms and protocol

  • Module 05: Valuation and Reporting Protocol

o   Photographs, exhibits and map requirements

o   Development of Market Value

  • Module 06: Property Acceptability Criteria for Manufactured Housing

o   HUD Certification Label

o   Condominium projects

 

Part 4: Grading Policy

Graded Course Activities

 

# of QuestionsPointsDescription
12100Mastery Quiz Part 1
10100Mastery Quiz Part 2
13100Mastery Quiz Part 3
13100Mastery Quiz Part 4
13100Mastery Quiz Part 5
8100Mastery Quiz Part 6
69690Total Points Possible

Viewing Grades in Gnosis

Points you receive for graded activities will be posted to the Gnosis Grade Book. Click on the My Grades link on the left navigation to view your points.

By Jeremy Johnson

2018-2019 NATIONAL USPAP 7-HR UPDATE JANUARY CHANDLER

This is the 7-Hour National USPAP Course approved by the Appraisal Standards Board of the Appraisal Foundation. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards; federal, state, and local agencies, appraisal services; and appraisal trade associations require compliance with USPAP.

By Jeremy Johnson

2018-2019 NATIONAL USPAP 7-HR UPDATE

This is the 7-Hour National USPAP UPDATE Course approved by the Appraisal Standards Board of the Appraisal Foundation. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards; federal, state, and local agencies, appraisal services; and appraisal trade associations require compliance with USPAP.

Income Capitalization Overview
Sales Comparison Approach
Appraisal Math and Statistics
2016-2017 NATIONAL USPAP 7-HR UPDATE
Understanding FHA Today
2018-2019 NATIONAL USPAP 7-HR UPDATE JANUARY CHANDLER
2018-2019 NATIONAL USPAP 7-HR UPDATE