Prepare for the New Appraisal Code audio conference (W)
Held Thursday, February 12, 2009
- An audio CD so you can listen to the entire discussion, including Q&A with experts and industry leaders;
- The conference manual, which includes a program outline, speaker bios and supplemental materials, plus key articles on the topic from the pages of Inside Mortgage Finance and our other newsletters;
- A full transcript, including the audience Q&A sessions—a favorite part of these events.
A revised appraisal code agreement between the New York Attorney General’s office, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac was finalized in January and will go into effect on May 1, 2009.
Find out how the final Code’s requirements and restrictions will affect your business in an Inside Mortgage Finance audio conference.
Under the terms of the revised agreement, lenders will still be able to use their own appraisers provided they meet certain strict conditions. It also creates new standards for managing the appraisal process from within and at appraisal management companies, or AMCs.
Some industry observers say that the agreement puts the AMCs in the driver’s seat, making them the clear winners in the revised Home Valuation Code of Conduct. The new code also could raise costs and put smaller players at a competitive disadvantage. Learn about these and other controversies as industry experts discuss the issues and answer questions.
These Experts Share Their Insights and Answer Questions:
- Anne C. Canfield, Executive Director, Consumer Mortgage Coalition;
- William Garber, Director of Government and External Relations, The Appraisal Institute;
- Donald C. Lampe, Partner, Womble Carlyle Sandridge & Rice PLLC;
- Phillip L. Schulman, Partner, K&L Gates LLP; and
- Guy D. Cecala, Publisher, Inside Mortgage Finance, will moderate.
Listen to This Audio Conference and Learn About:
- Details of the new Home Valuation Code of Conduct;
- Changes lenders will have to make for ordering and evaluating appraisals;
- Who will pay appraisal management fees under the new code;
- The legal questions raised by the HVCC;
- Concerns that some of the provisions in the code could increase the cost of mortgages;
- The criteria lenders must use when choosing which appraisal to use;
- Rules about separating production staff from appraisers;
- Whether you can accept an appraisal prepared for another lender;
- The 8 guidelines for using an affiliated appraiser; and
- Safeguards and quality control procedures to follow.
CLICK HERE to download MP3 file, Transcript and Manual
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