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Updated: 12-17- 2008
QUALIFICATIONS
OF APPRAISER
LORETTA
J. LAUBACH
Memberships/Licensing:
National Association of Master Appraisers (NAMA)
Iowa Chapter of National Association of Master Appraisers
Practical Experience"
Successfully completed 2,000 hours of
experience, and attended 105 hours of
Inspect and complete approximately 500 single
family residential appraisals and
Internship under Richard Vander Werff, MSA,
CAI, Certified General Real Property
Secretary of the Iowa Chapter of the National
Association of Master Appraisers,
Appraisal Coordinator, Vander Werff and
Associates, Inc., Sanborn, IA- October 31,
- Duties
included scheduling appraisals, accepting appraisal assignments, setting up
appraisal files, client communication, coordinating with office manager and
company president.
Appraisal Courthouse Research Specialist, Vander Werff and Associates,
Inc.,
- Duties include comparable sale research and subject research, keeping data
base up to date, verifying comparable
sales.
Appraisal Preparation Specialist, Vander Werff and Associates, Inc.,
Sanborn, Iowa
-Typed over 2,000 farm real estate,
residential, commercial, and chattel property appraisals.
Expertise on FmHA Forms including 422-1 and the Freddie Mac 70/Fannie Mae
Form 1004
Representative
Sampling of Institutions Served As An Appraiser:
Appraisal and Title Management Corporation,
Coraopolis, Pennsylvania
Citizens State Bank, Sheldon, Iowa
First Federal Savings Bank, Sioux City, Sheldon and Orange City, Iowa
First National Bank, Sioux Center, Iowa
Iowa State Bank, Sheldon, Hull, and Orange City, Iowa
Sanborn Savings Bank, Sanborn, Iowa
Security State Bank, Sheldon, Iowa
First Trust and Savings Bank, Marcus and Cleghorn, Iowa
American State Bank, Sioux Center, Iowa
Le Mars Bank and Trust, Le Mars, Iowa
Northwest Iowa Planning and Development Commission, Spencer, Iowa
Lender’s Service, Inc., Coraopolis, Pennsylvania
Rural Development
Valuation Information Technology Inc., Minneapolis, Minnesota
Chesapeake Appraisal & Settlement Services, Linthicum, Maryland
People’s Bank & Trust: Sioux
Center, Rock Valley and Lester, Iowa
Premier Bank, Rock Valley, Iowa
First American Appraisal Services
Cendant Mortgage Services
Corporate Transfer Services
Appraiser
Education:
Attended and successfully
completed:
Residential Valuation by Lincoln Graduation Center - May, 1994,
Fifteen Hours
Seven Hours of Continuing Education sponsored by the Iowa Chapter
of the Appraisal Institute. Included
HUD/FHA guidelines on how to complete the
URAR and their requirements - January, 1995.
Fifteen Hours of Education in Fundamentals of Appraisal Part 2 sponsored
by Pro Ed in Sioux Falls, SD - February and March, 1995.
Fifteen Hours of Education in Standards of Professional Practice for
Appraisers - USPAP Update sponsored by the Iowa Chapter of the National
Association of Master Appraisers - May 1995
Fifteen Hours of Education in Sales Comparison
Approach - Single Family
Appraisal Course A-103, Sponsored by Pro Ed in Sioux Falls, SD - February
1996
Seven point five hours continuing education, Sponsored by Iowa Chapter
NAMA Cost Approach Segregated Method -
January 1996
Attend and successfully complete all required continuing education in
association with
Certification
renewal on a biyearly basis. Various
topics include appraisal of difficult residential properties, writing the
appraisal report, reviewing the URAR,
Cost
Approach techniques, and Uniform Standards of Professional Appraisal Practice.
Successfully completed HUD Appraisal Standards Course on the internet –
October 1999; knowledge of HUD Manual 4150.2, VC sheet, and HUD property
requirements, course sponsored by National Association of Master Appraisers.
Tested and successfully completed HUD Examination on December 3, 1999
Non-Appraisal
Education
Beginning Computer Skills, Northwest Iowa Technical College
Sheldon, Iowa
Sanborn Community School, Sanborn, Iowa