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Digging Deeper into Appraisals: Guidelines, Reviews, and More

Recorded on October 19, 2011

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

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