The final version of the Home Valuation Code of Conduct has been released, representing agreed-upon appraisal standards from New York's Attorney General Andrew Cuomo, Fannie Mae, Freddie Mac and their regulator, OFHEO. First announced in March, the original agreement has been the subject of fierce debate, and some backlash, by the appraiser and mortgage industries for months.

Now that the final rules have been handed down, what does it mean for appraisers and their clients? How will the changes affect your career and the direction of your business?

This audio seminar will bring you answers, including:

• A full interpretation of the Code and how it will be implemented in the market
• Changes lenders are already making
• Strategies for succeeding under the new regulations
• Advice on retooling and adjusting your business as needed
• Who appraisers can and should target as customers under the HVCC
• Effective marketing techniques
• The role of AMCs under the Code

Our Expert Panel

Tony Pistilli
Chief Retail Appraiser and Vice-President of Consumer Banking Risk Management
US Bank

For over 20 years, Tony Pistilli has been involved in the real estate appraising and lending industries. Currently, Tony is Chief Retail Appraiser and Vice-President of Consumer Banking Risk Management at US Bank. His responsibilities include ensuring the compliance of valuation products, policies and procedures with federal regulatory agencies. Currently he is leading the project to centralize the appraisal process among all business lines within the bank. Prior to joining US Bank, Tony was President of Park Appraisal Service and has work at several mortgage companies and the Department of Housing and Urban Development. Tony is vice-chair of the Minnesota Real Estate Appraiser Advisory Board.

Joseph C. Magdziarz, MAI, SRA
Vice President
Appraisal Institute

Joseph C. Magdziarz, MAI, SRA, is the 2009 vice president of the Appraisal Institute. He will become the president elect in 2010 and president in 2011. For 38 years, he has been an active member of the Appraisal Institute and president of Appraisal Research Inc. in Rockford, Ill. Magdziarz has served two terms on the Institute’s National Board of Directors and five years as Chair of the Education Committee. He has also chaired the National Audit Committee, Instructor and Faculty Committees, and Education and Publications Committees. Finally, Magdziarz is an approved Appraisal Institute instructor for 26 courses in the Appraisal Institute’s QE, AE, CE, and USPAP curriculums.

Kathy Coon, SRA
Chief Appraiser-Director of Appraisal Quality Control
FNC, Inc.

Kathy Coon’s responsibilities at FNC include the creation of FNC’s Generally Accepted Appraisal Rules®, which provide an automated review of appraisals for both compliance and risk issues. Kathy is a consultant in the detection of faulty or fraudulent appraisals and conducts training in the appraisal, quality assurance, and underwriting departments for lenders, government agencies, and law enforcement.

Kathy has served the Appraisal Institute on its board of directors and executive committee, as Chair of Education, and was twice elected chair of the Residential Appraisal Board. She is a national instructor for the Appraisal Institute and is the developer of the Appraisal Institute’s seminar, Quality Assurance in Residential Appraisals: Risky Appraisals = Risky Loans. Kathy is also a member of the Mortgage Banker Association’s Fraud and Ethics subcommittee and serves on MBA’s Appraisal Fraud Task Force.

Kathy Coon holds degrees in business and criminal justice and is qualified as an expert witness.

Steve Albert
Executive Vice President
Allstate Appraisal, L.P.

Steven S. Albert, MAI, SRA is the Executive Vice President of Allstate Appraisal, L.P., a 50-year old, Chicago-based national Appraisal Management Company.

As a Member of The Appraisal Institute holding both the MAI and the SRA designations, Steve has been active in various Appraisal Institute Roles, including the National Ethics and Counseling Committee, the National Experience Review Committee, and the Chicago Chapter Public Relations Committee.

Steve is a graduate of Southern Illinois University in Carbondale, IL, and resides in Burr Ridge, IL with his wife and three children.

Sponsor

FNC, Inc.

FNC, a software solutions company, pioneered real estate collateral information technology and includes the nation’s top lenders among its clients. CMS, its Collateral Management System®, and Collateral DNA®, its data and analytics products, help clients automate their processes and data as well as make informed decisions about property valuations from origination and servicing to the secondary markets.