MPF Webinars: MGIC Presents: Reviewing Residential Appraisals
Evaluating a residential appraisal is an important step in the loan process. Facts, figures, value estimates, property types, location, guidelines and forms all require your close attention. But it goes beyond that, for evaluating an appraisal is not an exact science. You need to use your experience, expertise and good judgment to evaluate and confirm that the property value is supported. In other words, evaluating an appraisal is an art. This webinar will help guide you in this process.
In this session, you will: Analyze the Uniform Residential Appraisal Report (URAR 1004/70), including interior and exterior photos, location map, and floor plan sketch.