Board of Certified Real Estate Appraisers Archives - Polley Associates School of Real Estate https://polleyassociates.com/category/agencies/board-of-certified-real-estate-appraisers/ Your source for real estate career education Wed, 20 Apr 2022 23:07:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://polleyassociates.com/wp-content/uploads/2018/07/cropped-IMG_20180621_162052_762-32x32.jpg Board of Certified Real Estate Appraisers Archives - Polley Associates School of Real Estate https://polleyassociates.com/category/agencies/board-of-certified-real-estate-appraisers/ 32 32 New Answers To ‘Collateral Underwriter’ Questions https://polleyassociates.com/appraisers-collateral-underwriter/ Thu, 16 Apr 2015 16:58:37 +0000 https://www.polleyassociates.com/?p=4580 Fannie Mae has added new answers to FAQs for its Collateral Underwriter proprietary appraisal risk assessment application. Download the document here.

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]]> WASHINGTON DC – Several revisions have been made to the “frequently-asked questions” document about Fannie Mae’s Collateral Underwriter proprietary appraisal risk assessment application. It now includes new answers to questions of which certified appraisers should be aware, according to Polley Associates’ appraisal re-certification instructor Joe Summers.

The new content covers answers to:

  • How much geographic coverage does the application provide?;
  • How does the application handle new construction?;
  • How does it handle properties in rural locations?;
  • Will appraisers have access to the application?;
  • Will the use of the application as an appraisal review tool by Fannie Mae lenders result in more work for appraisers, who may be asked to make changes based on the CU feedback?; and
  • Will Fannie Mae purchase loans that receive high-risk scores and/or risk flags generated by the application?

Summers and other Polley instructors discuss the frequently-asked questions sheet, as well as the responsibilities of appraisers affected by Collateral Underwriter, during the school’s “Defensible Appraisal Practices” course. It currently is scheduled to be held May 14 and June 12 in Newtown Square PA; and April 30 and June 2 in Blue Bell PA.

An Adobe Acrobat copy of the document is available for download from Polley Associates, here.

Photo from Google Images

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]]> CE May Be Due For PA Licensed Appraiser Trainees https://polleyassociates.com/ce-may-due-pa-licensed-appraiser-trainees/ Mon, 29 Dec 2014 16:22:41 +0000 https://www.polleyassociates.com/?p=4366 If you are a Licensed Appraiser Trainee in Pennsylvania, you may now be required to take continuing education every two years.

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]]> HARRISBURG PA – If you’re a Licensed Appraiser Trainee in Pennsylvania, you may be required to complete between 14 and 28 hours of appraisal recertification (continuing education) courses – or none whatsoever – depending on the date your license was issued. Recertification must be completed in Pennsylvania on or before June 30, 2015.

The Pennsylvania State Board of Certified Real Estate Appraisers has informed Polley Associates that if your appraiser trainee license was issued:

Before July 1 (2014), you will be required to complete 28 hours of appraisal recertification education, including the 7-hour National USPAP Update course and a Pennsylvania Mandated Law course of at least 2 hours, to renew your license;

Between July 1 and Dec. 27 (2014), you will be required to complete 14 hours of appraisal recertification education, including the 7-hour National USPAP Update course and and a Pennsylvania Mandated Law course of at least 2 hours, to renew your license; or

Between Dec. 28 (2014) and June 30 (2015), you will NOT be required to complete appraisal recertification education as a condition of license renewal

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