Digging Deeper into Appraisals: Guidelines, Reviews, and More

Presented by:
Carl Pry

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• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

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Dealing with appraisals from a compliance and risk perspective has been difficult lately, with new requirements from the agencies (the new Interagency Guidelines), Dodd-Frank requirements (both now and coming), and the GSEs (new Fannie and Freddie requirements). What exactly do you have to do these days?

This webinar will explore the areas that are giving bankers' trouble, with an emphasis on what examiners and similar parties expect, both from an appraisal management and risk program angle, as well as day-to-day responsibilities. We'll discuss how to incorporate independence into your program, which is perhaps the regulators' most pressing concern right now. But we'll also talk about dealing with evaluations and how they fit into the appraisal mix (hint: pretty much just like appraisals). Communication with appraisers is also being questioned; we'll straighten out the mess.

Among the topics we'll discuss:

How USPAP requirements fit into the appraisal scheme

Reg. Z's reasonable fee standard

GSE appraisal data requirements

Clarifications on appraiser independence, with examples

Board-approved "Real Estate Appraisal and Evaluation Program"

Evaluations - new restrictions and guidelines

Readdressed and transferred appraisals - what you can and cannot use

Monitoring and evaluating ongoing performance

The review process - who can do what

Dodd-Frank impact

Recommended Audience:

Chief Compliance Officer

Compliance Staff, including Real Estate

Auditors

Real Estate Lenders

Staff and Fee Appraisers

Bank Management

The Speaker:
Carl Pry is a Certified Regulatory Compliance Manager and Certified Risk Professional who is a Vice President and Compliance Manager for a large financial institution in Ohio. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

This program was recorded in its entirety in October 2011. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.