Manufactured Housing Appraisal Resources
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Manufactured Housing Valuation Certification Course
This course offers a step by step guide to appraising manufactured housing! At the end of this course, you will be qualified to appraise manufactured homes under the National Appraisal System (NAS). Your designation, BCMHV (Board Certified Manufactured Housing Valuation) will be valid for a three-year period from the date you complete your coursework and receive the Certificate of Completion. Your name will be added to the registry of certified appraisers for manufactured housing that is searchable by lenders and the general public.
The course covers the following information in detail:
1. History of Manufactured Housing.
2. How the Uniform Standards of Professional Appraisal Practice impact you as an appraiser of personal property.
3. The HUD Title I regulation that requires successful completion of a specialized course in manufactured home valuation.
4. The components of a manufactured home.
5. What the HUD Code means.
6. Construction and Identification Methods of Manufactured Housing.
7. NADA Cost Guide and CD-Rom Usage.
8. Step by step guide to filling out all of the associated forms to complete the appraisal.
9. Reviewing the 1004C/70B Forms.
To register for this course, CLICK HERE.
Backed by NADA Data, Now Offered Online
Appraisers looking for a competitive edge in today's home appraisal marketplace now have online access to an in-depth manufactured home appraisal continuing education course, thanks to a new partnership between NADA Appraisal Guides and the American Association of Real Estate Schools and Colleges (AARESC).
The course, which utilizes the NADA Manufactured Housing Appraisal Guide & CD-ROM and the company's National Appraisal System (NAS) – a field instruction manual containing in-depth step-by-step instruction, guidelines and industry notes about the physical manufactured home appraisal – is now available online at http://onlineportal.digitalchalk.com. Completion of this course, with a passing grade, gives home appraisers the knowledge to complete manufactured housing personal property appraisals. Additionally, it qualifies them to complete HUD FHA Title I appraisals.
"With the recent FHA reforms, today's home appraisers need a competitive advantage," said Sherrie Clevenger, managing editor at NADA Appraisal Guides. "There are many appraisal schools that offer manufactured housing as continuing education courses, but none are backed by NADA data – data recognized as the industry standard in manufactured home appraisal. This course brings convenient online access of the National Appraisal System (NAS) method, using NADA information, to appraisers looking to expand their knowledge-base and ultimately, their business."
According to Clevenger, the course will be rolled out in phases. Phase One qualifies the appraisers for personal property appraisals, Phase Two enables appraisers to re-certify their abilities to the new standards, and Phase Three is the course that satisfies the appraiser's continuing education (CE) requirements.
Once a home appraiser completes the online continuing education course, he or she is provided with an official Certificate of Completion, which is mailed to the student after completion of the online course.
NADA Appraisal Guides (NADAguides.com) is the world’s largest publisher of vehicle pricing and specification information for new and used cars, trucks, vans, and SUVs, as well as van conversions, limousines, classic and collectible cars, boats, RVs, motorcycles, snowmobiles, personal watercraft and manufactured housing. The company’s consumer website, NADAguides.com (www.NADAguides.com), offers a variety of new and used vehicle services in addition to valuation information. Throughout its 75-year history, NADA Appraisal Guides has earned the reputation as the recognized authority for vehicle valuations. Its website, NADAguides.com, is the most comprehensive vehicle information resource on the Internet
Effective January 1, 2010 the following education will be required for existing MHV certified personal property appraisers:
Recertification through the AARESC will be required every three years, offering the certified personal property appraiser the ability to reaffirm his or her commitment to quality.
In addition, recertification demonstrates that the appraiser has kept up with current trends in the manufactured home industry; as well as the processes necessary for the HUD FHA Title I manufactured home appraisal.
Recertification is a standard practice within the site-built appraisal community and will be an added benefit to the manufactured housing appraisal industry.
It is strongly suggested by AARESC and NADA Appraisal Guides that the appraiser recertify before December 31, 2009 in preparation for this requirement.
You may register for the recertification course by clicking here. ($299)