BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:A key element of any loan decision is a sound appraisal that tr uly depicts the market\nvaluation at the time of the loan. Both compliance and safety and soundness examiners\nare carefully scrutinizing appraisals &ndash\; from policies\, to procedures\, to independent\nappraisal orderi ng\, to appraisal reviews and more. Are your policies and procedures up to \ndate? How will your procedures stack up to examiners&rsquo\; expectation s?\n\nLearning Objectives\n\n Understand the appraisal rule and USPAP r equirements\n \n Discover examiner expectations for your appraisal p olicy and review process\n \n Distinguish when a full appraisal is r equired (versus an evaluation)\n \n Implement a strong appraisal rev iew process for real estate appraisals\n \n Recognize potential fair lending issues with automated valuation models\n \n Use the provide d tools to thoroughly review a real estate appraisal\n \n\nIt is essent ial that financial institutions employ effective\, independent appraisal a nd evaluation processes\nwithin the lending function. Appraisers engaged t o conduct appraisals and evaluations should have the\nknowledge and expert ise to perform reviews in accordance with regulatory guidance and sound ba nking\nstandards. Appraisals need to be independently assessed to ensure t he quality is commensurate with the\ncomplexity of the subject property an d risk of the transaction.\nThis session will delve into a sample resident ial loan appraisal and identify what you need to look for and\nwhat may ca use concern. You&rsquo\;ll be guided through sample written policy\, proce dures\, and checklists\, and\nlearn how to identify and correct common mis takes made during the review process. \; DTEND:20220921T203000Z DTSTAMP:20240328T132917Z DTSTART:20220921T190000Z LOCATION: SEQUENCE:0 SUMMARY:Appraisal Reviews: Do You Know What to Look For? UID:RFCALITEM638472113578899335 X-ALT-DESC;FMTTYPE=text/html:
A key element of any loan decision is a sou nd appraisal that truly depicts the market\nvaluation at the time of the l oan. Both compliance and safety and soundness examiners\nare carefully scr utinizing appraisals &ndash\; from policies\, to procedures\, to independe nt\nappraisal ordering\, to appraisal reviews and more. Are your policies and procedures up to\ndate? How will your procedures stack up to examiners &rsquo\; expectations?\n
\nLearning Objectives
\nIt is essential that financial institutions employ effective\, independent appraisal and evaluation processes\nwithin the lending functio n. Appraisers engaged to conduct appraisals and evaluations should have th e\nknowledge and expertise to perform reviews in accordance with regulator y guidance and sound banking\nstandards. Appraisals need to be independent ly assessed to ensure the quality is commensurate with the\ncomplexity of the subject property and risk of the transaction.\nThis session will delve into a sample residential loan appraisal and identify what you need to lo ok for and\nwhat may cause concern. You&rsquo\;ll be guided through sample written policy\, procedures\, and checklists\, and\nlearn how to identify and correct common mistakes made during the review process. \;
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