Description
Learn permitted and prohibited valuation-related activities, prohibition on conflicts of interest and additional valuation independence requirements, including the requirement of a physical visit and additional appraisals for flipped properties. This course covers:
- Requirements for valuation independence
- Additional requirements for higher-priced mortgage loans
- Transactions that are exempt from the requirementsrelated to written appraisals
What You’ll Learn
After successfully completing this course, you will be able to:
- Describe requirements for valuation independence
- Describe additional appraisal requirements for higher-priced mortgage loans
- Identify transactions that are exempt from the requirements related to written appraisals
