A three (3) part series on the new Federal Laws that require lenders and appraisers to report certain violations of various laws, rules and guidelines. Increasing number of lenders will be turning appraisers in to Government Agencies when they identify USPAP appraisal failures. Failure to report violations will result in fines of up to $20,000 per day, per person. Each part of the series can be purchased individually.

Part 1:  Fines, Appraiser Independence Laws, and The Agencies That Require “Independence”
This module explains the  extensive new fines and penalties that banks and appraisers will be paying for poor action.  We will provide a list of agencies that require “appraiser independence” and applicable text from their guidelines.  (Lenders, appraisers and attorneys should review this 43 minute webinar)

Part 2:  Appraiser Independence
State and Federal law requires that the appraiser and the appraisal process must be independent from influence, coercion and pressure. Anybody, including a bank, AMC or employee of the institutions, who violate “appraiser independence” is subject to a fine of $10,000 per day. Part of “appraiser independence” is the requirement that the appraiser must be paid a “customary and reasonable” fee for their services. This section will explain the requirement, how easy it is to comply with the law and how an institution can check for compliance. HUD’s policy statements along with excerpts from Title XIV are included in this section. (1 hour webinar)

Part 3:  Mandatory Reporting
Anyone who becomes aware of USPAP violations must turn the appraiser into the Government, or face fines of $10,000 per day. In this module, you will learn what violations must be turned in, where they must be reported, and the form and format used for reporting.  You will also hear real world, every day examples of the types of appraisal situations and violations that will be reported going forward.  As a result of this new reporting requirement, we expect that the number of appraisers will decline and that institutional resources will be heavily burdened for reviewing appraisals and filling out paperwork.  Appraisers beware - this is going to change your profession! (1 hour webinar)

At this time, there is no Continuing Education (CE) credit for online classes.

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Helping Agents provide better BPO's/CMA's and appraisers with more accurate values.

There is a process for determining the adjustments used in an appraisal. This class will explain the methods that good appraisers use. The class is helps agents improve their BPO & CMAs and appraisers become better at analyzing a market.

This class has been approved for Continuing Education (CE) credits for AGENTS only.
(3 Hours)

UPCOMING CLASSES
March 26, 2010 - Bend, Oregon - SOLD OUT
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Foreclosures are on the rise and so are the late-night-TV hyped seminars about how to profit from foreclosures, loan modification and short-sales. The information provided in these seminars is reasonably accurate.... but only up to a point. What many of these seminars fail to disclose is when a “rescue,” short sale or loan modification crosses the line and becomes a scam that takes the equity away from home owners.

This class has been approved for Continuing Education (CE) credits.
(3 Hours)

UPCOMING CLASSES
March 10, 2010 - Portland, Oregon - SOLD OUT
   Sponsored by The Oregon Department of Justice
March 26, 2010 - Bend, Oregon - SOLD OUT
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New regulations and laws have changed the way agents, mortgage lenders, and appraisers interact. Appraisal Management Companies or "AMC's" now act as middlemen, taking the appraisal orders (and fees) from mortgage lenders and then hiring appraisers. Understanding the new system and how it impacts your transactions is vital.

This class has been designed specifically for Real Estate Agents.
(1 Hour 45 Minutes)
No Continuing Education (CE) credit Learn More

A common scam is to purchase a home and then immediately sell it (or "flip") to another buyer, usually at a substantial profit to the first owner. Learn about two common flip techniques, discover where the lies usually exist, and how they lead to a felony. Learn More

Real estate transactions are defined by a series of legal documents and forms. Every mortgage fraud or swindle involves lying - then the lies are recorded on these documents. Once you understand the way real estate fraud is committed, your next step is obtaining the documents that build your case. In this class you will learn how to spot the lies and get the evidence you need. After that, prosectution or plea agreement usually come quickly. Learn More

Examine the issues that involve Appraisal Management Companies (AMC), the interactions with appraisers, lenders, and the federal laws that govern all parties. There is a lack of understanding regarding the laws and government oversight. This is leading to poor appraisals and problematic interactions within the lending system. This course is designed to provide basic education for lenders and real estate appraisers.

This class has been approved for Continuing Education (CE) credits.
(3 Hours)

UPCOMING CLASSES
March 10, 2010 - Portland, Oregon - SOLD OUT
   Sponsored by The Oregon Department of Justice
March 15, 2010 - Gresham, Oregon - SOLD OUT
March 16, 2010 - Springfield, Oregon - SOLD OUT
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Real Estate fraud has become so pervasive that it threatens both the local and national economy - your business and even your personal weath is at risk. This class provides the information you need to understand the depth of the fraud problem and how it will affect your business. Learn how doing business "the way we've always done it" fosters and perpetuates the fraud environment. See what is occuring daily in your marketplace and what you need to do to be safe.

This class has been approved for Continuing Education (CE) credits in the following states - WA, OR, ID, CA, AZ, FL
(Class Duration: 3, 6, or 7 hours)

UPCOMING CLASSES
None Scheduled
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The OTS, OCC, FDIC, NCUA and the various other regulatory agencies all have requirements that appraisals must be reviewed.

This class is designed to explain the appraisal review process, the Federal laws and regulations that banks must follow when dealing with real estate appraisals and what constitutes a "Review" under the various laws, regulations and guidelines. This Webinar also includes excerpts from the Federal Bank Audit Guidelines, in regards to Auditors examine the review process of banks.

This class has been designed specifically for Apprasiers.
(1.5 Hours)

At this time, there is no Continuing Education (CE) credit for online classes.

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