Training Course Syllabus:

Understanding Appraisals & Appraisal Review Concepts for Lenders

Objectives of the Presentation

• Gain insights into the appraisal process: a general understanding of what appraisers can and cannot do


• Learn how the regulators view the appraisal selection process and review methodology


• Learn what the regulators expect of appraisal reviewers


• Learn basic review mechanics and the do´s and don´ts of reviewing


• Get tips for dealing with appraisers when the review identifies issues of concern


• Learn methods to improve the quality of appraisal reports submitted to your financial institution

Why Should you Attend

The Interagency Appraisal and Evaluation Guidelines have put appraisals and their review front-and-center for financial institutions and examiners. Initially, the regulators focused on appraisal function compliance within larger banks. In recent years, however, examiners have shifted their focus to smaller institutions. As a result, appraisal function compliance has become a larger issue for community banks. This webinar lays the groundwork for better appraisal review compliance.

Areas Covered

• Appraising is more than math or the mechanics of data analysis; the appraisal industry has developed a language of defined terms and a specific process that appraisers must follow
  
• The webinar touches on the economics of real estate markets: the impact of the Principals of Value, the Forces of Value, and real estate market life cycles


• Regulatory requirements for reviewer independence and reviewer qualifications


• Scaling the review assignment with the appraisal assignment and the transaction risk


• Best practices for reviewers


• Acceptable and unacceptable reviewer communication methods

Seminar Summary:

Understanding Appraisals & Appraisal Review Concepts for Lenders is an introductory webinar, providing a broad overview of the appraisal industry and how it intersects with financial institutions and their lending activities for real estate secured loans. No advance understanding of appraisal program regulations or appraisal theory is required, but some exposure to your organization's appraisal function would be beneficial; though not a requirement. (see full course description)

print this agenda