Workshop Today--Becoming an Appraiser

[Elliott]

September 2024 Virtual "How to Become an Appraiser" Workshop

Tue, Sep 24

4:00 PM - 5:30 PM PDT

Online event

The Appraiser Diversity Initiative® (ADI) Team invites you to learn more about the exciting world of real estate appraisal: a profession with a wide range of increasingly attractive career options. Residential property appraisers play a vital role in homeownership by providing opinions of value that are used for mortgage lending. This workshop will offer insight into how appraisers develop opinions of value, what it takes to become an appraiser, and the unique benefits of pursuing a career in the appraisal profession (ranging from flexible work hours to opportunities to use cutting-edge technologies).

Microsoft Virtual Events Powered by Teams

Microsoft Virtual Events Powered by Teams

events.teams.microsoft.com

 

[J Grant]

September 2024 Virtual "How to Become an Appraiser" Workshop

Tue, Sep 24

4:00 PM - 5:30 PM PDT

Online event

The Appraiser Diversity Initiative® (ADI) Team invites you to learn more about the exciting world of real estate appraisal: a profession with a wide range of increasingly attractive career options. Residential property appraisers play a vital role in homeownership by providing opinions of value that are used for mortgage lending. This workshop will offer insight into how appraisers develop opinions of value, what it takes to become an appraiser, and the unique benefits of pursuing a career in the appraisal profession (ranging from flexible work hours to opportunities to use cutting-edge technologies).

Microsoft Virtual Events Powered by Teams

Microsoft Virtual Events Powered by Teams

events.teams.microsoft.com

Will they be telling the candidates the truth in this workshop? The inconvenient truth that for mortgage lending, AMCs are gatekeepers to a large portion of it and keep s chunk of an already modest appraisal fee, leaving appraisers with peanuts for a start.

Though in a coded corporate speak the truth leaked out- the "unique benefits of pursuing a career - flexible work hours ( the work is too sporadic to provide a sustainable income ) , the GSE's policies have eliminated a substantial portion of volume away from appraisers- (by cutting them out of the valuation pipeline- cutting-edge technologies)

the unique benefits of pursuing a career in the appraisal profession (ranging from flexible work hours to opportunities to use cutting-edge technologies).

 

[Surf Cat]

Appraisal Diversity Team​

The Appraisal Diversity Team (ADI) is a nationwide program aimed at attracting new entrants to the real estate appraisal field while fostering diversity in the profession. Launched in 2018, ADI is a collaborative effort between Fannie Mae, Freddie Mac, the National Urban League, and the Appraisal Institute. The program’s primary goal is to increase diversity, equity, and inclusion in the appraisal profession, addressing the lack of representation and bias in the industry.

Key Components

1. Scholarships: ADI offers scholarships to aspiring appraisers, providing financial assistance for initial trainee education, books, calculators, paid conference events, and more.
2. Workshops and Events: ADI hosts “How to Become a Real Estate Appraiser” workshops throughout the US and virtually, covering topics such as career paths, flexible hours, and scholarship opportunities.
3. Mentorship: Advisor sponsors, volunteers with a background in real estate appraisal, provide one-on-one guidance and support to scholarship winners.
4. Supervisor Sponsors: State-certified real estate appraisers commit to working with appraiser trainees as they gain experience hours required for certification.
5. Industry Partnerships: ADI relies on sponsorships from organizations like JPMorgan Chase and Flagstar Bank, which provide financial support and resources for the program.

Benefits

1. Increased Diversity: ADI aims to attract diverse, talented candidates and educate them about the appraisal profession, promoting a more inclusive industry.
2. Improved Representation: By increasing diversity, ADI addresses the current lack of representation and bias in the appraisal profession.
3. Enhanced Career Opportunities: Scholarship winners gain access to quality education, mentorship, and job opportunities, setting them up for success in their appraisal careers.
4. Better Outcomes: By promoting diversity and inclusion, ADI helps ensure fair and accurate valuations, benefiting homeowners and communities.

Related Initiatives

Valligent Appraiser Diversity: This program provides a solution for training new appraisers, aiming to build a more diverse workforce for the future.
RSDS Appraisal Diversity: This initiative focuses on aggressively hiring and training the next generation of professional appraisers, creating high-paying careers for deserving individuals.
The Appraisal Foundation’s Diversity, Equity, and Inclusion: This initiative provides resources for aspiring and current appraisers, promoting diversity, equity, and inclusion within the appraisal profession.
Overall, the Appraisal Diversity Team is a vital effort to address the lack of diversity and bias in the appraisal profession, promoting a more inclusive and representative industry.

 

[J Grant]

So the candidates get a scholarship for PAREA, put in the time, take the course, get a mentor, and pass the exam now this person is licensed - then what? Unless there is some special jobs magically created for them, they will be just another vendor having to submit bids to snag a few low-paying orders from an AMC since the lenders that order direct already have a panel or maybe teh sharnsk circling the waters will find a way to smash that remaining viable segment of work -

 

[shrubberyvaluation]

So the candidates get a scholarship for PAREA, put in the time, take the course, get a mentor, and pass the exam now this person is licensed - then what? Unless there is some special jobs magically created for them, they will be just another vendor having to submit bids to snag a few low-paying orders from an AMC since the lenders that order direct already have a panel or maybe teh sharnsk circling the waters will find a way to smash that remaining viable segment of work -

Maybe there will be make work government jobs made. Its the next step.

 

[Surf Cat]

Launched in 2018..... the deadlines don't seem to pressing.... sounds like a cushy gig.

 

[Overimprovement]

If someone needs financial assistance for a calculator they need to rethink some life choices.

 

[J Grant]

A field like nursing offers new grads 5k-15k sign-on bonuses for first jobs and a bright future.