Property Measurement

2022 Property Measurement

ANSI with a FNMA Twist

July 12, 2022

9:00 – 11:00 am

Via Zoom Platform

Course Goal:  Provide an overview of ANSI Standards and integrate the new Fannie Mae Requirements to enable lenders to understand square footage in accordance with ANSI and reported GLA in accordance with Fannie Mae. 

  1. Introduction – Origin of ANSI-Z765 (30 minute topic)
    1. Who is ANSI?
    2. Property Types covered by ANSI-Z765
    3. ANSI-Z765 Defined Areas (finished vs. unfinished areas)
    4. ANSI allowed Finishes
    5. ANSI Standards for Rounding
    6. Obtaining a copy of the ANSI document
  2. Fannie Mae Requirements (40 minute topic)
    1. Gross Living Area and non-Gross Living Area
    2. Footprint Sketch vs. Floor Plan
    3. Inspection and Drawings for FNMA Appraisals
    4. Identify Grade – below grade or above grade
    5. FNMA Reporting Requirements regarding GLA
  3. ANSI Declarations (10 minute topic)
    1. Discussion of the suggested declarations by ANSI-Z765 - clarify varying degrees of inspection
  4. ANSI Standards for other Features (30 minute topic)
    1. Ceiling Height
    2. Stairs
    3. Two Story Structures
  5. Other Property Type Measurement Standards (10 minute topic)
    1. Condo
    2. Apartment
    3. 2-4 Unit

Who Should Attend:

The seminar will benefit anyone involved in the appraisal and evaluation order/receipt/review process, including appraisal department managers, internal evaluators, risk managers, loan review, etc.  The presentation directly relates to the responsibilities of real estate lending and valuation products. 

Cheryl Bonnaffons Bella is a General State Certified Appraiser in the State of Louisiana and the State of Texas. She has earned both the MAI and AI-GRS (General Review Specialist) designations through The Appraisal Institute and has actively served various positions through the Appraisal Institute at the state and regional levels, including LA Chapter President in 2013.  In 2015 Cheryl Bella was appointed by the Governor of Louisiana to serve as a member of the Louisiana Real Estate Appraisers Board. In 2018 Cheryl became an AQB Certified USPAP Instructor.

Property Measurement

July 12, 2022



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