With so many appraisal guidelines and regulations, compliance can be challenging. Join this webinar to increase your appraisal prowess – which will reflect well on you and benefit your institution.
- Use interagency guidelines for reviewing appraisals and valuations
- Define the exceptions for obtaining a formal appraisal
- Explain the fair lending concerns regarding property valuations
- Distinguish between what constitutes an appraisal versus a valuation
- Understand the safe harbor provisions for valuation independence
- Determine when appraisal notices and copies of valuations must be provided
Appraisal fair lending issues, court orders, and enforcement actions have been in the news lately. This webinar will cover what you need to know about the appraisal and valuation process. When lending on real property, it is important for the creditor to determine the value of the property – largely to ensure the loan amount is appropriate and, in some circumstances, to ensure the loan amount is safe in the event of a foreclosure. Numerous laws and regulations come into play, so it is important to understand how they affect your work, including ordering an appraisal, conducting a formal valuation review process, knowing when a formal appraisal is not required (saving time and money!), and what to do if there appears to be coercion or mischaracterization of value.
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.
Involved with financial institutions since 1989, Mary-Lou has over 25 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
Live and recorded webinar, handouts, quiz with answer key and training log are included.
Your registration includes unlimited locations (until further notice), making it easier to share and learn with remote staff during the coronavirus crisis. Training materials will be available to download the day of the event.