Appraisals: A Two-Part Webinar Series: Part 2 – Appraisal Review: What, Why & How
Two hour tele-web seminar September 21, 2012
Reviewing appraisal reports is an essential quality control function which must be separate from the bank’s lending process. The goal is to ensure that credible, sound appraisals are communicated in logical, concise reports.
This tele-web seminar will begin on Friday, September 21, 2012 at 11:30 AM to 1:30 PM Pacific Time.
Reviewing appraisal reports is an essential quality control function which must be separate from the bank’s lending process. The goal is to ensure that credible, sound appraisals are communicated in logical, concise reports. A good appraisal goes beyond delivering the “right” property value – it also convinces readers that the conclusion is reasonable and reliable. The essence of appraisal review is to investigate, analyze, and verify the logic and procedures used in preparing an appraisal and make certain reports are competent, thorough and result in sound value opinions (part of risk management).
- The nature and process of real estate appraisal and appraisal review;
- WHY appraisal review is not only required, but needed to confirm credibility of the value conclusion and the appraisal report;
- FIRREA, USPAP and banking regulations as related to appraisal quality;
- Frequent problems found by appraisal review;
- “Scope of work” as related to appraisal review;
- Understanding the uniqueness of each property and, therefore, each appraisal review;
- The three valuation methodologies (cost, comp sales, income) and common appraisal review issues with each;
- Documenting results of the appraisal and the appraisal review;
- Components of a quality appraisal; and
- Sample forms and checklists for immediate use.
Bankers involved in real estate lending and administration and those responsible for appraisal review and compliance.
Bob Ullom, a nationally recognized banking educator, began his career as a CPA. Bob has been president of two start-up banks and led both fast growing institutions to profitable, sound status. Since 1989, Bob has provided relevant, “real world” training in over 35 states for bankers associations and banks. He currently presents a wide variety of seminars dealing with all areas of lending and credit management, bank management, bank directors and compliance.
2.0 total credits
Member price: $250.00 | Non member price $500.00