Skip to main content

Appraisal Institute releases new book on valuations in the current market

NationalMortgageProfessional.com
Oct 20, 2009

A book published by the Appraisal Institute provides up-to-date, relevant instructions for completing residential real estate appraisal forms and offers in-depth instructions on providing valuations in the current market. The Appraisal Institute is the nation’s largest organization of real estate appraisers. Using Residential Appraisal Report Forms: URAR, Form 2055, and the Market Conditions Form, Second Edition provides residential appraisers with line-by-line instructions for completing Fannie Mae and Freddie Mac’s Uniform Residential Appraisal Report and Exterior-Only Inspection Residential Appraisal Report. This second edition also has been updated to address the new Market Conditions Addendum to the Appraisal Report, which is now required by Fannie Mae and Freddie Mac for all mortgage origination appraisals. Author Mark R. Rattermann, MAI, SRA, examines current economic conditions and introduces innovative techniques that can be used to measure value change in any market using available data. A 30-year practitioner and instructor, Rattermann offers dozens of real-world examples -- all based on actual situations that practitioners in the field are likely to encounter. These examples focus on strategies for achieving best practice and overcoming common mistakes made in the field, providing appraisers with the tools they need to perform residential appraisal assignments with confidence and competence. Rattermann is a senior partner with REsource LLC, a real estate appraisal firm in Indianapolis. He is active in the Appraisal Institute education program and teaches at various real estate schools, trade associations and community colleges in Indiana. He has written articles for The Appraisal Journal and is the author of Residential Sales Comparison Approach: Deriving, Documenting, and Defending Your Value Opinion and Valuation by Comparison: Residential Analysis and Logic. For more information, visit AppraisalInstitute.org.
Published
Oct 20, 2009
CFPB: Some Mortgage Comparison Sites May Illegally Manipulate Results

Issues guidance warning that steering shoppers for kickbacks or fees is against the law.

Regulation and Compliance
Feb 07, 2023
MBA Seeks Meeting With FHFA Over New GSE Pricing Framework

Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.

Regulation and Compliance
Feb 07, 2023
Fed Slows Rate Hike Pace, OK’s 0.25% Bump

Rate hike is 8th since March 2022.

Regulation and Compliance
Feb 01, 2023
Report: Fannie, Freddie Note Sales Undercut Homeownership Goals

National Consumer Law Center report says sales to private investors strip borrowers of access to loss-mitigation options.

Regulation and Compliance
Jan 31, 2023
FHA Expands COVID-19 Recovery Loss-Mitigation Options

Updated and expanded options intended to help more borrowers avoid foreclosure.

Regulation and Compliance
Jan 31, 2023
The Fight Against Mortgage Fraud

Empower your borrowers with the correct resources for better compliance

Regulation and Compliance
Jan 30, 2023