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Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes

CALL   Date: April 25, 2019   Location: Charlotte, NC
 
  Course  
Category  Residential [Res]  
Attendance Hours  7.5  
Exam Hours  1.0  
Current Price  $ 125.00  
 
  Instructor  
R. Scott Hartman, SRA  
    
 
  Location  
Name  Hilton Charlotte Executive Park  
Address  5624 Westpark Drive  
City  Charlotte  
State  NC  
Zip  28217  
 
Click Here to check state approvals
    
 
  Description  

This new 7.5-hour course, developed in collaboration with Freddie Mac, provides an in-depth look into preparing appraisals for traditional manufactured homes plus insight into CHOICEHomeSM—the new type of high-quality manufactured homes that are built to HUD code but developed with site-built features. You’ll learn how to meet the specific requirements of Freddie Mac, the Federal Housing Administration (FHA), Veteran’s Administration (VA), United States Department of Agriculture (USDA) and Fannie Mae using a new, ground-breaking tool—the Manufactured Home Quality Rating Worksheet – which is consistent with the Marshall & Swift®—CoreLogic Residential Cost Handbook and the Uniform Appraisal Dataset (UAD).

The course begins with a thorough review of existing manufactured housing products then delves into CHOICEHomeSM, a new accessible, affordable addition to America’s housing stock. Applying elementary and complex techniques used in the cost and the sales comparison approaches, you’ll work through a case study of these homes to develop a credible appraisal report.

At the conclusion of this course, you should be able to

  • Identify the multiple types of factory-built housing including manufactured home, Next Generation manufactured home, modular home, and panelized home.
  • Recognize the distinctive construction qualities of manufactured homes and how they differ from site-built homes.
  • Understand the specific secondary market appraisal requirements of Freddie Mac, FHA, USDA, VA, and Fannie Mae.
  • Understand proper data collection techniques for manufactured housing.
  • Develop an overall quality rating for manufactured homes using the Manufactured Home Quality Rating Worksheet.
  • Report accurate results of a manufactured housing appraisal on a Freddie Mac Form 70B (FNMA form 1004C).
  • Develop the cost approach for both a manufactured home and a Next Generation manufactured home using the Marshall & Swift®—CoreLogic Residential Cost Handbook.
  • Utilize the sales comparison approach for a manufactured home appraisal and apply new techniques when appraising a Next Generation manufactured home.

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Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• Residential appraisers and reviewers who are currently working in the secondary market lending space: appraisals for loans that are ultimately purchased by Freddie Mac, FHA, VA, USDA or Fannie Mae.
 
  Equipment  
Four-function calculator
 
  Prerequisites  
• Licensed and Certified Residential or Certified General


• Working knowledge of the Marshall & Swift®—CoreLogic Residential Cost Handbook
 
  For Further Reading  
  The Appraisal of Real Estate, 14th ed.  
  Appraising Residential Properties, 4th ed.  
  The Dictionary of Real Estate Appraisal , 6th ed.  
 
  Disclaimer  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $100.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       

Continuing Education Credit
This course is approved for 8 and 1/2 hours of Appraisal Institute continuing education credit. This course might not be approved in all states by the offering date. Please check with your state board for state approval information.


Cancellations
This confirmation will serve as your receipt. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

Other Information
If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. The Appraisal Institute reserves the rights to cancel, limit, or reschedule the seminar and to change faculty assignments and facility locations at any time.



Program materials can be downloaded by the student.
 
  Additional Information  
Class Schedule:
  • April 25: 7:30 AM - 8:00 AM Check In
  • April 25: 8:00 AM - 5:30 PM Lecture Hours


  • Attendance Policy:
    The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% with your grade notification letter.

    Please note, if Appraisal Institute attendance records indicate attendance of less than 100%, the student certificate will reflect this and state agencies may refuse to award credit.

    Location:
    Hilton Charlotte Executive Park
    5624 Westpark Drive
    Charlotte, NC 28217
    (near airport property; offers free shuttle to airport and surroundings)
    Self-Parking: Complimentary
    Sleeping Room: hotel is offering a $179 rate


     

     
















     
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