Prepare for the New Appraisal Code audio conference (E1)

Product Details

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 last month and will go into effect on May 1, 2009.

Find out how the final Code’s requirements and restrictions will affect your business at a new Inside Mortgage Finance audio conference on February 12, 2009.

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 your questions.

These Experts Will Share Their Insights and Answer Your 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.

During This Live 90-Minute Session You'll 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.

• Conference attendance for you and your entire team around your speakerphone,
• A very useful resource—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, emailed to you when you take our post-conference survey, and
• The opportunity to connect with any or all of the speakers anonymously during the audience Q&A sessions—a favorite part of these events.

You will receive an e-mail confirmation shortly after you complete the registration. You may also contact us at (301) 951-1240.