Wednesday, November 21, 2018
See the attached letter from NDAA President Dean Rylander regarding a BRAND NEW proposal by the Federal agencies to reduce the appraisal requirements of ND banks and credit unions.
This action will be one of the ‘hot topics’ discussed at the upcoming NDAA Annual Conference and Education Event in Bismarck on December 6-7, 2018, along with the current status of the appraisal waiver request filed by the ND Governor’s Office.
Will you be there to protect your profession and your own interests?
Early bird pricing ENDS TODAY. To register for the NDAA Conference and Education Event in Bismarck, or to find out more, go to www.ndappraisers.org
Tuesday, November 20, 2018
Please join us in Bismarck for the NDAA Third Annual Conference and Education Event: See the attached Event Schedule for details. Register Now!
Event Calendar Dec2018.pdf
Wednesday, September 26, 2018ND-SD SBA letter-Final.pdf
Monday, September 17, 2018NDAA Update Letter9.14.18.pdf
Sunday, August 12, 2018
Effective immediately, Fannie Mae no longer requires the Market Conditions Addendum (1004MC) form as part of appraisal reports. The Selling Guide has been updated to reflect this change. Appraisers remain responsible for analyzing market conditions and accurately reporting them in the Neighborhood section of Fannie Mae's appraisal forms.
Collateral Underwriter® (CU®) now provides robust market trend information for Fannie Mae and lenders, enabling measurement and management of market risks in a more rigorous way. Removing the 1004MC requirement will make it easier for lenders to originate loans and easier for appraisers to complete assignments by simplifying the appraisal and appraisal review processes.
Please note that this is a change to Fannie Mae's requirements; other investors may still require submission of Form 1004MC. For details see Selling Guide Announcement SEL-2018-06.
Visit our website - https://www.fanniemae.com/singlefamily/index- for more appraiser news and resources.
Monday, August 6, 2018
The attached appraisal waiver request was sent to the Appraiser Subcommittee and signed by the Governor, the ND Bankers Association, and ND Department of Financial Institutions. This will affect all ND Appraisers.
North Dakota Appraisal Waiver Request Packet.pdf
Categories: Hot Topics, News
Wednesday, May 23, 2018uad-announcement-may-2018.pdf
Thursday, February 1, 2018
AQB Adopts Sections 1, 2, and 4 with an implementation date of May 1, 2018
Click on link for the complete exposure draft document.
AQB Fourth Exposure Draft RPAQC FINAL.pdf
National Board Adopts Revised Criteria for
Real Property Appraiser Qualifications
FOR IMMEDIATE RELEASE
February 1, 2018
Paula Douglas Seidel
Washington, DC -- The Appraiser Qualifications Board (AQB) of The Appraisal Foundation (Foundation) adopted revisions to the Real Property Appraiser Qualification Criteria (Criteria). These changes will provide additional methods for entry into the real property appraisal profession in the United States. The Criteria will become effective on May 1, 2018.
Today’s changes were the result of a nearly three-year process of deliberations, which included the issuance of a discussion draft, concept paper, and four exposure drafts. The proposed changes were publicly vetted at a formal hearing, focus group session, and at several public board meetings. The proposed changes generated over 1,300 comment letters.
Today’s changes include a number of options for entry into the residential appraisal profession. Additionally, the number of experience hours and timeframe for obtaining that experience have been modified.
In the coming months, the AQB will further develop a concept that was outlined in previous exposure drafts: Practical Applications of Real Estate Appraisal (PAREA). PAREA will provide an alternative method for appraisers to gain experience towards obtaining a real property appraiser credential by performing USPAP-compliant appraisals on real properties as well as virtual properties via emerging classroom technology.
Mark Lewis, Chair of the Appraiser Qualifications Board, said of today’s action, “The importance of qualified appraisers performing solid valuations on residential and non-residential real property cannot be understated.” He continued, saying, “The Real Property Appraiser Qualification Criteria is a living document that needs to fully reflect ongoing changes in the marketplace. These changes were adopted with the ultimate goal of protecting the public trust.”
The Foundation will work closely with state appraiser regulatory agencies to implement the new Criteria by the effective date of May 1, 2018. Visit The Appraisal Foundation’s website at www.appraisalfoundation.org for more information on these exciting new changes.
Tuesday, January 9, 2018AQB Fourth Excposure Draft Ltr 1-8-18.pdf
Friday, November 10, 2017Appraisal Waiver Programs - Letter from NDAA.pdf
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