Industry News

Fannie to school rural real estate appraisers

Videoconference will tackle changes in secondary-market valuations, manufactured housing

Fannie Mae on Thursday will present an appraisal training via digital network in seven states in an effort to help rural real estate appraisers and professionals better address and understand issues related to secondary-market appraisal, manufactured housing, underwriting and eligibility requirements. Appraisers, Realtors, lenders, underwriters, loan officers and originators from Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota and Wyoming will participate. The three-hour course, "Fannie Mae and the Appraisal Process," will be presented in South Dakota from 2:45 p.m. to 5:45 p.m. CT and transmitted simultaneously via videoconference technology to the other locations. During the videoconference, instructors will discuss how to use Fannie Mae's Desktop Underwriter automated underwriting system to streamline the appraisal process. Also, participants will learn about manufactured housing industry changes, and how to understand the secondary mortgage market's appraisal re...