Loren Faucher
State Certified General Real Estate Appraiser (State of Michigan) #1201073607
- Education
- Appraisal Experience
- State Licenses
- Appraisal Education
- Types of Properties Appraised
- Partial List of Lending Institutions
- Professional Designations
EDUCATION
- Grand Valley State University, Allendale Michigan
Bachelor of Business Administration, 2004-2008
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APPRAISAL EXPERIENCE
- Northern Michigan Real Estate Consultants, Inc., June 2008– Present
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STATE LICENSES
State of Michigan Board of Real Estate Appraisers:
State Certified General Appraiser License (State of Michigan) #1201073607
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APPRAISAL INSTITUTE OF REAL ESTATE APPRAISERS
- Basic Appraisal Procedures, 101GR June 2008
- Basic Appraisal Principles, 100GR June 2008
- 15 Hour National USPAP Course, I410N June 2008
- General Appraisal Income Approach Part 1 403G February 2009
- General Appraiser Income Approach Part 2 404G February 2009
- Advanced Income Capitalization II510 March 2009
- General Appraiser Sales Comparison Approach 401G June 2009
- General Appraiser Report Writing
- and Case Studies 405G September 2009
- General Appraiser Market Analysis and Highest and Best Use 400G December 2009
- General Appraiser Site Valuation and Cost Approach 402G February 2010
- Advanced Sales Comparison and Cost Approaches II530 March 2010
- Online Business Practices and Ethics May 2010
- Online Real Estate Finance Statistics and Valuation Modeling June 2010
- Advanced Applications July 2010
- Michigan Laws & Rules June 2011
- 7-Hour National USPAP Update Course June 2011
- Online Business Practices and Ethics July 2012
- MI Laws and Rules March 2014
- 7-Hour National USPAP Update Course March 2014
- Online Cool Tools: New Technology for Real Estate Appraisers July 2014
- Online Advanced Internet Search July 2014
- Online Data Verification Methods July 2014
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TYPES OF PROPERTIES APPRAISED
- Retail
- Vacant Land
- Office
- Industrial
- Hunt Camps
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PARTIAL LIST OF LENDING INSTITUTIONS
- Huntington National Bank
- Talmer Bank & Trust
- Comerica
- First Merit
- Traverse City State Bank
- West Shore Bank
- Chemical Bank
- JPMorgan Chase Bank
- Honor Bank
- PNC Bank
- US Bank
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PROFESSIONAL DESIGNATIONS
- MAI (Member, Appraisal Institute) Appraisal Institute since January, 2016 - #514230
MAI Membership Designation
The MAI membership designation is held by professionals who can provide a wide range of services relating to all types of real property, such as providing opinions of value, evaluations, review, consulting and advice regarding investment decisions, among others. Property types may include commercial, industrial, agricultural, residential, vacant land and others.
To become a MAI Designated member of the Appraisal Institute, an individual must:
- Have good moral character;
- Meet standards and ethics requirements;
- Pass rigorous education requirements;
- Pass a final comprehensive examination;
- Submit specialized experience which must meet strict criteria; and
- Receive credit for the demonstration of knowledge requirement.
These individuals have the necessary commercial property valuation experience and knowledge to produce a valuation that instills confidence. MAI Designated members agree to adhere to the Appraisal Institute code of professional ethics and standards of professional appraisal practice, underscoring their commitment to sound and ethical professional practice.
Continuing education requirements help MAI Designated members stay informed of developments pertaining to real property valuation, enabling them to provide valuations reflecting the latest in professional practice.
The MAI designation has long been recognized by courts of law, government agencies, financial institutions and investors as a mark of excellence in the field of real estate valuation and analysis.
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