Are your residential appraisal policies and procedures up to date? Lenders
must have an effective, independent appraisal and evaluation process that
accurately represents a property’s market value. Examiners are carefully
analyzing the entire appraisal process. How will yours stack up to examiners’
- Understand the appraisal rule requirements and thresholds
- Anticipate examiner expectations for your appraisal policy and review process
- Distinguish when a full appraisal is required versus an evaluation
- Implement a strong appraisal review process for real estate appraisals
- Thoroughly review a real estate appraisal using the tools provided
A sound appraisal that accurately depicts the market valuation at the specified time is a
key element of any loan decision. It is essential that lenders employ effective,
independent appraisal and evaluation processes. Both safety and soundness examiners
and compliance examiners are carefully scrutinizing appraisal processes – from policies,
to procedures, to independently ordering appraisals, to appraisal reviews, and more.
Appraisers should have the knowledge and expertise to perform independent appraisals
and evaluations in accordance with regulatory guidance and industry standards.
Appraisals need to be independently assessed to ensure the quality is commensurate with
the subject property’s complexity and transaction risk. This webinar will delve into a
sample residential loan appraisal and identify issues and concerns. You will also be guided
through sample written policy, procedures, and checklists – invaluable tools for reviewing
and improving your processes.
Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.