Appraisals: Part 1 – Appraisal & Evaluation Guidelines
Effective December 2, 2010, banking regulators finalized new Guidelines intended to enhance the requirements for collateral valuation methods for transactions that permit use of an evaluation and to clarify expectations for real estate appraisals.
This year, the CFPB released final rules that further revise appraisal requirements. This regulation is primarily about safety and soundness which makes a banker’s approach to compliance different from almost any other regulation. This program will update bankers on requirements and best practices. Handout material will include information needed to understand and effectively deal with requirements unique for your bank, including checklists, forms and regulator pronouncements.
The guidelines will be discussed primarily with regard to the needs of community banks. New demands and requirements will be presented that must take into account and recognize a bank’s appreciation and conformance with:
- Sound collateral valuation (appraisal) practices that are an integral part of the loan underwriting process;
- New, updated regulator guidance including developments with regard to appraisal and evaluation requirements;
- Requirements for collateral evaluations (loans < $250,000) and methods (such as a broker’s opinion) that do not provide a property’s market value;
- Requirements regarding review of appraisal and evaluations prior to funding;
- Use of Automated Valuation Models;
- Necessity, scope and content of adequate valuation documentation to support the decision to lend; and
- Appraisal and Evaluation standards, development and reports.
Bankers involved in real estate lending and administration and those responsible for appraisal review and compliance.
Bob Ullom, nationally recognized banking educator, has been teaching appraisal regulation since 1991 on a nationwide basis. As president of two successful start-up banks, he brings real-world relevance and up-to-date perspective on new challenges presented by the new guidelines. Questions and answers will be the order of the day in this fast-paced program
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hrs./session CRCM/CLBB.
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.