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Training Classes
How to Review a Residential Appraisal
an MGIC Designs for Learning™ Class

Who Should Attend

Processors, underwriters, loan officers

Format, Time Frame

Live on e-Train, 2 hours

Recorded on e-Train, 1.5 hours

Classroom, 2 hours

Overview

In MGIC’s Residential Appraisal Review workshop, you will get the tools you need to help build and strengthen your appraisal evaluation skills. The more familiar you become with typical secondary market guidelines, learn what reports are available, and develop a deeper understanding of certain cautionary items that help identify potential problems, the better you will be at evaluating an appraisal.

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
  • Analyze the Market Conditions Addendum (1004MC/71)

This workshop provides the most up-to-date appraisal information and analytical tools, including:

  • Highlights of the Uniform Appraisal Dataset (UAD), effective September 1, 2011
  • A resource manual to keep at your desk as a handy reference after completing the training
  • An appraisal review checklist that helps identify potential cautionary items
  • Samples of other agency report forms