Understanding Appraisals and Appraisal Review Concepts for Lenders

This webinar training will break down common terms used in the appraisal industry as well as cover the economics of real estate markets: the impact of the principles of value, the forces of value, and real estate market life cycles.

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.

Learning Objectives:

• Gain insight into the appraisal process: a general understanding of what appraisers can and cannot do
• Learn how the regulators view the appraisal selection process and the review process
• Learn what the regulators expect of appraisal reviewers
• Learn basic review mechanics and the dos 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

Areas Covered in the Webinar:

• The defined terms and a specific process in the appraisal industry that appraisers must follow
• Economics of real estate markets: the impact of the principles 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

Who Will Benefit:

• Chief appraisers and appraisal managers
• CEOs and presidents of community banks
• Credit administration officers
• Credit officers involved in the appraisal function
• Credit reviewers and other credit side personnel
• CRE lending group managers
• Employees who bid and engage appraisers for the bank
• Employees who review commercial appraisal