Mastering the 1004MC is the perfect opportunity for independent appraisers, lenders’ in-house valuation leaders and others in need of dead-accurate market trend analysis to learn the ins and outs of the GSEs' new Market Conditions Addendum, which will be required for all loans sold to Fannie and Freddie as of April 1. Follow our expert AQB Certified USPAP Instructor, Tracy Martin, through an interactive Microsoft Excel spreadsheet designed to help make sense of the new 1004MC form. This webinar will provide you with a thorough understanding of the form’s requirements, specific examples of the kind of analysis Fannie and Freddie want from appraisers, practical tips for streamlining the additional work and more!
This webinar covers the following topics:
- The details of the new 1004 Market Conditions Addendum
- What the form does and does not require
- Getting specific with foreclosure sales
- Providing analysis in low-sales-volume markets
- Tips for making the additional work manageable
- Common sandtraps in statistical measurements
- Possible adjustments in appraisal fees
- Plus more
Our Expert Presenters
AQB Certified USPAP Instructor ID #10719
Tracy has been a resident of El Paso, Texas since 1965. She attended the University of Texas at El Paso where she studied Business Administration. Ms. Martin served as the Regional Manager and senior analyst for El Paso Appraisal Corporation, a Texas corporation doing business as JDH/EL PASO - Valuation Consultants, a full-service real estate, business machinery and equipment valuation company with offices in Austin, Fredericksburg, Marble Falls, and El Paso, Texas. Ms. Martin is involved primarily in the valuation of real estate including commercial income properties, industrial properties, and vacant land. She has been active in the Greater El Paso Association of REALTORS where she was the 1992 President of the Commercial Investment Division and a member of the Budget and Finance and the Strategic Planning Committees. Ms. Martin has also served as an officer and a member of the Board of Directors of the El Paso CCIM Chapter, and has taught real estate courses (core and continuing education) the better part of a decade.
Kathy Coon, SRA
Chief Appraiser-Director of Appraisal Quality Control
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.
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.