Understanding Appraisals and Appraisal Review Concepts for Lenders

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