Appraiser Independence Certificate

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The Jordan Real Estate Group Appraiser Independence Certificate The Jordan Real Estate Group certifies that the enclosed appraisal was completed in compliance with Fannie Mae Selling Guide Announcement SEL-2010-14 regarding appraiser independence. Effective October 15, 2010, Fannie Mae and Freddie Mac have implemented “Appraiser Independence Requirements”. The requirements place the burden of obtaining an unbiased and accurate appraisal on lenders with regard to appraiser selection, payment, processing and potential influence relative to loans sold to Fannie Mae or Freddie Mac. The Jordan Real Estate Commitment… All appraisals completed by an appraiser engaged by The Jordan Real Estate Group will conform to the established Appraiser Independence Requirements. The Jordan Real Estate Group will act as a third party intermediary between the appraiser and loan origination staff. There will be no direct communication between the appraiser and loan origination. All Appraisals are completed by Licensed/Certified appraisers competent in their jurisdiction and in good standing with the respective state real estate appraisal board. All fees for appraisal services are paid directly to The Jordan Real Estate Group. Appraisers do not receive compensation directly from loan origination, realtor or borrower. Appraisers are not provided a target value or value range for the basis of accepting an appraisal assignment. Appraisers do not provide value range estimates prior to inspection and completion of the appraisal. Appraisers are provided appraisal assignments based on a rotation of approved appraisers within a given county. Loan origination staff is not permitted to request a specific appraiser. Each appraisal is reviewed by in-house review staff for accuracy, quality and adherence to lender reporting guidelines. The Jordan Real Estate Group appraiser independence compliance solutions meet or exceed industry standards for appraiser selection, oversight and independence. James B. Jordan, Jr/IFA The Jordan Real Estate Group President www.thejordangroup.net .

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Real Estate Appraiser
REAL ESTATE APPRAISAL EXPERIENCE LOG Bureau of Professional Licensing Authority: 1980 PA 299 PO Box 30670 ● Lansing, MI 48909 Telephone: (517) 241-9288 www.michigan.gov/bpl [email protected] APPLICANT NAME: LICENSE #: Instructions: Copy as needed. Add entries in chronological order. The use of this form is not mandatory, but information requested must be provided to document appraisal experience as required by the Michigan Occupational Code, PA 299 Type of Check applicable description of work performed Total Hours Property Report S.R. 2- Complexity of 1980. ASSIGNMENT IDENTIFICATION Instructions: Under Property Type, indicate VL for Vacant Land, IND for by indicating A or S Requested Industrial or C1 for Single-Tenant Comm ercial Properties or CM for Multiple-Tenant Commercial Properties, R1 for Type 2 (a) (b) Single Family Residential & RM for 2-4 Family Residenti al Properties. All appraisal reports must indicate which tasks the Applicant (A) and Supervisor (S) completed. Separate experience logs shall be maintained/submitted for each supervising appraiser if applicable. on Date of Report & Number, if applicable Property Address, City, State, Zip Code Separate Page Other: Explain spection was Supervised Date Number In A S A S A S A S A S A S A S Supervisor Certification Total This Page: By signing the Supervisor Certification below I acknowledge that it is the joint responsibility of both the Supervisory Appraiser and the Applicant to ensure the experience log is accurate, current, and complies with all applicable laws, administrative rules, and applicable regulations for the appraiser profession. I certify that I have completed a course that, at a minimum, complies with the specifications for course content established by the TOTAL HOURS: AQB, which is specifically oriented to the requirements and responsibilities of Supervisory Appraisers and Trainee Appraisers.
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TIAA-Real Estate 03.31.2021-10Q
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Appraisal Inflation and Private Mortgage Securitization
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3133-AE98 Real Estate Appraisals AGENCY
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February 5, 2019 Legislative and Regulatory Activities Division Robert E. Feldman, Executive Secretary Office of the Comptrolle
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Real Estate Appraisal a Study of Real Estate Appraisers in Sweden
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NAR Issue Brief Appraisal Management Company Q&A
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Real Estate Appraiser
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Real Matters Inc. – MD&A for the Years Ended September 30, 2020 and 2019
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Residential Real Estate Lending, Comptroller's Handbook
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The Appraisal Process 1616
Geschwender-ch16 6/30/03 5:10 PM Page 253 CHAPTER The Appraisal Process 1616 KEY TERMS ad valorem tax highest and best use appraisal income approach capitalization market price cost approach market value depreciation physical depreciation economic obsolescence quantity survey method Financial Institutions Reform, Recovery replacement cost and Enforcement Act (FIRREA) reproduction cost functional obsolescence sales comparison approach gross income multiplier (GIM) tax assessment gross rent multiplier (GRM) unit-in-place cost approach method OVERVIEW Appraising is far from an exact science, but a degree of relative uniformity may be achieved by applying proven appraisal techniques along with the use of fac- tual information. Many professional appraisers concentrate all their time on the profession and are recognized for their knowledge, skill, and experience in the field. They interpret the facts in an unbiased manner from pertinent available information. An independent fee appraiser may be called upon to support his opinions in a court of law, so diligent care is taken with each parcel appraised. Although real estate brokers and salespersons need not qualify as professional appraisers, they should be familiar with the three approaches to determining value by means of the appraisal process and should be capable of arriving at the market value of the property they intend to list and market. This chapter will explore the many purposes for which the fee appraiser may be requested to determine valuation of a property, the steps in an appraisal, and how valuation is arrived at and shown in the written, documented appraisal report furnished to the client. Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) and the new regulations placed upon appraisers are addressed in this chapter.
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