Conducting Effective Appraisal Reviews & Evaluations for Residential Property
Thursday, September 13, 2012
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Regulatory agencies are strongly emphasizing appraisal guideline compliance. In fact, examiners have been advising banks’ external and internal auditors that appraisal guideline violations should be considered an automatic moderate-risk violation – unless it’s a very small, inadvertent issue!
A key element of any real estate loan decision is a sound appraisal or evaluation that truly depicts the market valuation at the time of the loan. Bankers have experienced a “special focus” by examiners during recent regulatory exams involving appraisal and evaluation compliance. How will your bank fare with this enhanced scrutiny? If you are conducting appraisal reviews in-house and want to ensure those reviews meet current compliance expectations, this “must attend” session will provide the necessary tools to accomplish the task. If you are utilizing evaluations, you will receive a sample format and checklist that meets regulatory standards.
HIGHLIGHTS
- What are the minimum requirements examiners expect for a sound and complete appraisal review?
- How/when should a bank conduct an appraisal review?
- How do you keep the process independent?
- Comprehensive residential appraisal review checklist
- Sample format and checklist for evaluations
WHO SHOULD ATTEND?
This informative session is designed for appraisal review staff, lenders, loan personnel, compliance officers, and auditors.
MEET THE PRESENTER
Ann Brode
Brode Consulting Services, Inc.
Continuing Education: Attendance verification for CE credits upon request