This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Genworth Mortgage Insurance Chief Appraiser One Of First 30 In Nation To Earn Appraisal Institute's New "Residential Review Specialist" Designation

Stocks in this article: GNW

RICHMOND, Va., June 24, 2014 /PRNewswire/ -- Adam Johnston, Chief Appraiser for Genworth Mortgage Insurance (MI), a unit of Genworth Financial, Inc. (NYSE: GNW), recently was among the first 30 practitioners in the United States to earn the AI-RRS (Residential Review Specialist) designation from the Appraisal Institute (AI), signifying demonstrated expertise in the specialty of residential appraisal review.

AI-RRS is the Appraisal Institute's first new appraisal designation in more than 20 years. The new review designation program took effect Jan. 1, 2014. It was developed in response to the growing and critically important role that appraisal review plays in due diligence, risk management and mitigation for many users of appraisal services. "Appraisal review involves the process of examining an appraisal in areas such as completeness, accuracy, adequacy, relevance, and reasonableness," said Johnston. "As the AI-RRS course materials are introduced nationwide, more appraisers are likely to pursue this additional designation."

To attain the residential review specialist designation, appraisers must have extensive residential review experience, successfully complete additional academic coursework in this specialty, pass an examination and demonstrate peer-reviewed proficiency in completing such reviews.

Johnston, who also is Director of Investigations for Genworth MI, already holds the Appraisal Institute's SRA designation, signifying his expertise in the analysis and valuation of residential real property. Attaining these designations demonstrates an appraiser's knowledge, experience and commitment to the profession. Johnston has been quoted in news articles and has been well-received as a speaker at mortgage and housing industry conferences.

The Appraisal Institute is a global professional association of real estate appraisers, with nearly 22,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. All Appraisal Institute professionals adhere to a strictly enforced Code of Professional Ethics and Standards of Professional Appraisal Practice. Appraisal Institute Designated members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs