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#1994971 - 02/10/15 07:30 PM In-House R/E Valuations
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Do you do valuations in-house for loan under $250k? If so, in which department does (s)he reside? We are $600MM and wondered how many other banks our size do this in-house.
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Lending Compliance
#1994992 - 02/10/15 07:54 PM Re: In-House R/E Valuations HRH Okie Banker
TNB Offline
Member
Joined: Mar 2008
Posts: 77
Texas
We are about the same size. We don't have anyone in house qualified to do valuations nor do we have anyone avaialble to train so we require appraisals on all real estate secured loans.

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#1995000 - 02/10/15 08:04 PM Re: In-House R/E Valuations HRH Okie Banker
CountryBanker Offline
Gold Star
Joined: Mar 2013
Posts: 260
Northern IL
We're $500MM, Okie, and do in-house evals. The employee is in LoanOps, but is not involved (independent) of the term-setting & approval process. We perform evals for new RE $250MM & less, and for renewals, modifications, or extensions.
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#1995006 - 02/10/15 08:13 PM Re: In-House R/E Valuations HRH Okie Banker
Cowboys Fan Online
Power Poster
Joined: Dec 2002
Posts: 4,599
SC
1.2 billion. Our appraiser is an independent department and reports to the Director of Credit Administration.
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#1995465 - 02/11/15 09:49 PM Re: In-House R/E Valuations HRH Okie Banker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Thanks everyone. That is helpful
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Just working here until I get my letter from Hogwarts.

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