Lending 101 For Appraisers
Presented by: Alissa K. Hinricks
This class will be broken up into two sections. The first hour is designed to improve appraisers’ knowledge on the concepts of lending during the preapproval process. It is designed to give a better understanding of the different areas of review to determine what mortgage products the potential borrowers are qualified for and using real world scenarios that market participants are coming across in this current market. The second hour will improve appraiser knowledge in VA eligible home loans and features and common misconceptions. The course is designed to educate those on who is truly eligible for VA home loans, with a general breakdown of the main determining factors. What is a VA eligible property and the details that go into making a home eligible, including most common appraisal "subject to" conditions? Including what lenders are looking at when qualifying VA loans. Also, a better understanding of about closing costs and fees when writing contracts.
***Approved (#2588) for 2 Hours of Colorado Continuing Education for Colorado Licensed/Certified Appraisers & CAREA Affiliate Members***
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We look forward to seeing you!