MPF® University Welcomes Radian: Understanding and Reviewing Condo Appraisals
Summary
The Individual Condominium Unit Appraisal Report (form 1073) provides distinct details that you won't see on a standard 1004 appraisal.
This webinar will help you identify those differences. You will learn:
- Key areas of the 1073 that differ from the 1004 appraisal form
- Specific red flags that apply to the 1073 appraisal report
- Why condominium appraisals focus on the entire project as well as the unit being financed
- What is considered a good comparable in terms of distance, date of sale, location, and overall adjustments made
- How special assessment and HOA budgets impact the marketability of the subject property
Who should attend?
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Underwriters
- Quality Control Staff
