• Aug 11, 2020
  • 1:00 PM

MPF® University Welcomes Radian: Understanding and Reviewing Condominium Appraisals

Summary

Overview

Condominium sales have become more common over the past decade. This means you will see more Individual Condominium Unit Appraisal Reports in your loan files.

 

In this session you will learn:

• Key areas of the 1073 that differ from the 1004 appraisal form.

• Specific red flags that apply to the 1073 appraisal report.

• Why condominium appraisals focus on the entire project as well as the unit being

financed.

• What is considered a good comparable in terms of distance, date of sale, location, and

 overall adjustments made.

• How special assessments and HOA budgets may impact the marketability of the subject property.

 

Who Should Attend?

The presentation is recommended for all PFI staff including:

  • Loan Originators

  • Loan Processors

  • Underwriters

  • Quality Control Staff

 
https://attendee.gotowebinar.com/register/229073760275328012

Register Now


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