Baton Rouge Home Appraiser Attends Appraisal Institute UAD Aftereffects Class Published by Bill Cobb, Greater Baton Rouge's Home Appraiser 225-293-1500 http://www.homeappraisalsbatonrouge.com

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Louisiana Appraisers Attend Appraisal Institute UAD Aftereffects
Class
Bill Cobb
Louisiana Home Appraisers Attend Appraisal Institute Seminar - UAD Aftereffects: Efficiency vs. Obligation
On December 19, I was fortunate to have attended Appraisal Institute Seminar, "Uniform Appraisal Dataset
Aftereffects: Efficiency vs. Obligation", taught by incoming President Elect, Rick Borges, II, MAI, SRA. Read the
complete seminar description below.
First, my compliments to Dee Fazzio for hosting / meeting / greeting and choosing such an outstanding location for
the seminar. The location and hospitality of the day was absolutely perfect, as was the company of fellow Appraisers.
Special, Special Thanks To Dee and The Louisiana Chapter of the Appraisal Institute for a day CE like I've never
experienced before!
Appraisal
Institute
President Elect
Rick Borges, II,
MAI, SRA
All I can say
about "Rick", as
we instructed to
call him, is that
he's just cool
and so funny.
He made
learning so
much fun during
the experience
and fielded lots
of our
questions, with
respectful,
thoughtful
answers! At 59
years old and
over 30 years as
an Appraiser in
the field,
primarily a VA Appraiser and RE Agent, The Appraisal Institute will be a better organization in 2013 with he at the
helm!

2. Appraisal
Institute UAD
Class Adapting
To New
Conditions and
Rating System
Has Been
Challenging
The day was
invested in
going through
the 208 page
manual along
with 49 page
solutions
booklet for
future reference,
mainly covering
the highlights,
what Fannie
Mae is looking
for in reviews
and their data
collection from
Appraisers. We
learned that to date, Fannie Mae has already uploaded 3,000,000 appraisal reports to their UCDP computers and
that January 13, 2013 is the day when Fannie Mae begins holding Appraisers accountable for the report data they
enter.
For example, if you state that comp. #1 at 12345 Main Street has a Q or quality rating of Q3 and C or condition rating
of C4, then those Q3 and C4 need to be used for that comp into the future unless there is verfiable evidence to alter.
Fannie Mae is monitoring what Appraisers state in reports for future consistency. One Appraiser in Indiana has
already been temporary disciplined for 90 days over an inconsistency, which was later rescinded when that Appraiser
provided documentation from RE Agent backing his C rating. It was eye-opening day for Appraisers and reminder
that we must take our profession very, very serious into the future.
QUICK AI LOUISIANA CHAPTER MEETING!

3. Cheryl Bella
MAI
Addressing
Louisiana
Appraisal
Institute
Chapter
Louisiana
Appraisal
Institute
Chapter
Leadership
Being Sworn
In. From Left
To Right:
Cheryl B. Bella,
MAI, Zachary J.
Derbes, MAI
and Joseph A.
Mier, SRA.
Past La
Chapter AI
President,
Kelly Johnson,
SRA,

4. photographing.
Appraisal
Institute Class
Metairie
Country Club
December 2012
Appraisal
Institute Class
Metairie
Country Club
December 2012
- Rear View of
Country
Club...yes we
were in New
Orleans...and
there were
ghost present!
Appraisal
Institute Class
Metairie
Country Club December 2012 Looking Towards Northline Blvd
Appraisal Institute Class Break Time Metairie Country Club December 2012 Louisiana... yes we were in New
Orleans...and there were ghost present!
Appraisal Institute Class Luncheon Metairie Country Club December 2012
Appraisal Institute Class Luncheon Metairie Country Club December 2012 Bread Pudding With Rum Sauce
A Special Treat was being able to walk down Northline Boulevard and view the rows of million dollar homes
near the class location.
Aerial View showing Northline Blvd location near Metairie Country Club

5. Northline Blvd
Million Dollar
Homes Near
Metairie
Country Club
Louisiana
Northline Blvd
Tree Lined
Streets Near
Metairie
Country Club
Northline Blvd
Million Dollar
Homes Near
Metairie
Country Club
Louisiana
Northline Blvd
Million Dollar
Homes Near
Metairie
Country Club
Louisiana
Northline Blvd
Million Dollar
Home Under
Construction
Near Metairie
Country Club
Louisiana
Seminar
Description:
"The Louisiana
Chapter of the
Appraisal

6. Institute will be offering the 7-hour "Uniform Appraisal Dataset Aftereffects: Efficiency vs. Obligation" seminar on
December 19,
2012 in Metairie,
LA. Richard L.
Borges II, MAI,
SRA, President-
Elect of the
Appraisal
Institute for
2012, will be
instructing the
seminar and
guest speaker,
Bruce Unangst,
Executive
Director of the
Louisiana Real
Estate
Commission,
will update
attendees on
what LREAB
has been doing
in reference to
the AMC
enforcement
rules. Register
now online to
guarantee a
seat - seating is
limited!
Most residential
appraisers
recognize their
new obligations
under the
Uniform
Appraisal
Dataset and the
associated
Uniform
Collateral Data
Portal; however,
remaining
efficient in the
context of
fulfilling such
obligations has
become a new

7. challenge.
Appraisers,
lenders,
underwriters,
and appraisal
management
companies all
seem to assert
their own ideas
on the issue of
UAD
compliance as
they navigate
through the
adjustment
process of both
the UAD and
UCDP.
Consequently,
many appraisers
misapply
intended
requirements
and waste time
on unnecessary
details.
Designed to
help students
efficiently
distinguish
required from
non-required
data for UAD
compliance, this
seminar
educates
participants on
how to:
reconcile
conflicting UAD
requests from
different clients;
recognize how
UAD data is
collected and
analyzed; and
stay informed of
ongoing UAD
changes from

8. Fannie Mae and Freddie Mac.
Upon
completion of
the seminar,
participants will
be able to:
Understand how
the UCDP acts
as a gate-keeper
by
checking
appraisal
reports for UAD
compliance,
thus avoiding
non-compliance
and increasing
efficiency.
Recognize how
UAD data input
is being
collected,
monitored and
analyzed on
individual and
aggregate levels
by Fannie Mae
and Freddie
Mac.
Know how such
UAD monitoring
may affect and
influence future
appraisal
reporting.
Recognize
commonly
misinterpreted
UAD data fields
and nuances by
reviewing
extensive and
varied "real-world"
illustrations
collected from
appraisers.
Identify UAD-specific

9. guideline changes and guidance from Fannie Mae and Freddie Mac.
Search Fannie
Mae and
Freddie Mac
web sites from
an appraiser's
perspective to
stay abreast of
appraisal- and
UAD-related
changes.
Understand the
lender's
obligations
when using
third-party
vendors to
manage and
control the
appraisal
process under
the UAD.
Recognize a
lender's
obligations
when selecting
an appraiser
under the UAD
requirements."
SPECIAL
THANK YOU to
the Louisiana
Chapter for the
cool red laser
pointer pens.
Shared By Bill
Cobb
Appraiser in
Baton Rouge
(Photo taken
by Dee Fazzio,
Thank You
Dee!). And,
actually, no
"Ghosts" were

10. spotted. That was the "Pro HDR" app on my Samsung Galaxy Note 2 phone taking enhanced color photos for the
event and some
people just
happened to be
moving during
the photos.
Special Thanks
To Denham
Springs
Appraiser,
Roger Carter, for
making the drive
with me and
keeping me
awake on the
way there and
back.
For More
Information On
The Louisiana
Chapter of The
Appraisal
Institute, visit
Louisiana
Chapter of the
Appraisal
Institute
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