Dan Bradley

Dan Bradley
Daniel A. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992. He is a state certified general appraiser in Pennsylvania and is currently on the FHA appraiser roster. From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman. He has also has served as a contracted expert witness appraisal reviewer for the Pennsylvania Department of State.

FHA and VA Issue COVID-19 Appraisal Guidance

Within the last several days, HUD/FHA and VA have both issued updated guidance for appraisers regarding appraisal scope of work and COVID-19. HUD issued Mortgagee Letter 2020-05 on March 27, 2020. On a temporary basis, appraisers are permitted to perform desktop or exterior-only inspection appraisals for FHA loans. This guidance is effective until May 17, 2020, although it may be …

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Fannie Mae on Impact of COVID-19

In response to the COVID-19 crisis, Fannie Mae has posted Lender Letter 2020-04 (LL-2020-04), which permits temporary revisions to GSE appraisal requirements in this time of national emergency. This Lender Letter can be found here. Fannie Mae and Freddie Mac have been working together on these temporary flexibilities to enable mortgage lending to continue while appraisers and others take necessary …

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TAF, AARO, and ASC Issue Joint Message Regarding COVID-19

On March 18th, The Appraisal Foundation (the Foundation), the Association of Appraisal Regulatory Officials (AARO) and the Appraisal Subcommittee (ASC) issued a joint message for appraisers and regulators regarding COVID-19. The Foundation has created a page on its website titled “Coronavirus and Appraisers: Your Questions Answered.”  This page can be accessed here. The Foundation reminds appraisers and users of appraisal …

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VA Issues Guidance for Appraisers Regarding COVID-19

On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised that all non-essential businesses should close at this time, in order to avoid spreading the virus. Large numbers of appraisers have been asking, “Are we essential or non-essential?” For purposes of VA, appraisers are essential …

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8 Common Violations Made by Appraisers

This is a reprint from the McKissock Learning Blog and can be found here. When it comes to appraisal violations, certain minor violations are very common. In this article, I outline several examples of less serious breaches of development Standard 1 and reporting Standard 2 — and a few other types of violations, too. I have compiled these based on many …

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