Join us for an exclusive webinar as we sit down with Lyle Radke of Fannie Mae to discuss the latest Market Condition Adjustment requirement outlined in Fannie Mae’s recent announcement. This critical update impacts how appraisers analyze and adjust for changing market conditions, ensuring more accurate and consistent valuations. Lyle will provide insights into the reasoning behind the change, how it affects appraisers, and what best practices can help navigate this new requirement. Don’t miss this opportunity to gain firsthand knowledge and ask your questions directly to an industry leader!
Presenters
Storyboard EMP
The Appraisal Buzz is a newsletter designed to keep the real estate appraisal professional and lending community plugged into what's happening in the world of appraising.
Hal Humphreys
Moderator
Appraiser eLearning Partner Hal Humphreys grew up measuring houses in West TN with his appraiser dad. Boy scouting taught him to never be lost. "I'm not lost. I'm in the U.S.," he says, if unable to pin down a more specific location. Those skills of navigation and evasion are useful in his parallel work as a private investigator. He has twice navigated across Spain on the 500-mile Camino de Santiago pilgrimage. Humphreys is a lifelong learner and educator. He is a practicing Certified Fraud Examiner and professional investigator. Hal is a CDEI certified instructor through IDECC. He writes, lectures, and he walks ... a lot.
Lyle Radke
Director of Fannie Mae’s Collateral Policy team
Lyle Radke joined Fannie Mae in 2013 and is a Principal in Collateral Policy. His team establishes and maintains policies for property eligibility, appraisals, and condo project standards. He holds a master’s degree in geology from Brigham Young University and is a certified residential appraiser in New Mexico. He advises the team on policy matters. Recent initiatives from his team include updated Appraiser Independence Requirements (AIR), adoption of the ANSI sq. ft. standard, valuation alternatives for certain purchase loans, the Undervaluation Risk Flag in Collateral Underwriter® (CU®), and the Uniform Property Dataset (UPD), and reconsideration of value requirements (ROV). Current workstreams include the Appraiser Diversity Initiative®, the next generation Uniform Appraisal Dataset, appraisal bias mitigation, hybrid appraisal requirements, and additional enhancements to CU. He is also responsible for Fannie Mae’s quarterly Appraiser Update newsletter and frequently speaks to lenders, risk investors, and appraisers about Fannie Mae’s collateral risk management policies, programs, tools, and vision for the future.