Dart Appraisal has announced that it will offer live Webinar training for U.S. Department of Housing & Urban Development (HUD) real estate-owned (REO) property appraisals—a specialized sector of Federal Housing Administration (FHA) appraisals—to appraisers through its Dart Academy continuing education program. The Webinar is open to all appraisers interested in expanding their expertise to this specialized sector, as well as those currently appraising HUD-REO properties. Offered through Dart Academy, an online educational service of Dart Appraisal, the course is designed to provide consistent training and current details of the requirements of HUD-REO appraisals. By learning the specific regulations and requirements of this sector, appraisers will be better positioned to take on the growing number of HUD-REO properties on the market.
"Providing appraisers with the most current information, paired with high quality training designed to reinforce the understanding and implementation of that knowledge, is a top priority at Dart Appraisal," said Michael Dresden, vice president of operations for Dart Appraisal. "In addition to the webinar, we will provide initial onboarding training and weekly tips related to HUD-REO properties. Through these measures, we can ensure that our appraisers continue to comply with all HUD-REO regulations, stay up-to-date on the latest requirements and avoid common reporting errors."
In 2006, as the number of properties in foreclosure mounted, Dart Appraisal worked with McKissock to prepare its appraisers in several cities to follow HUD-REO appraisal guidelines by offering a full day course on the subject. The new HUD-REO appraisal webinar continues this commitment to education on a larger scale.
The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. Real estate owned is used in reference to defaulted FHA-insured properties.