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Appraisal Reviews: Do You Know What to Look For?

Sep 21 2:00 PM - Sep 21, 2022 3:30 PM
Sep 21, 2022 2:00 PM - 3:30 PM
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A key element of any loan decision is a sound appraisal that truly depicts the market valuation at the time of the loan. Both compliance and safety and soundness examiners are carefully scrutinizing appraisals – from policies, to procedures, to independent appraisal ordering, to appraisal reviews and more. Are your policies and procedures up to date? How will your procedures stack up to examiners’ expectations?

Learning Objectives

  • Understand the appraisal rule and USPAP requirements
  • Discover 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
  • Recognize potential fair lending issues with automated valuation models
  • Use the provided tools to thoroughly review a real estate appraisal

It is essential that financial institutions employ effective, independent appraisal and evaluation processes within the lending function. Appraisers engaged to conduct appraisals and evaluations should have the knowledge and expertise to perform reviews in accordance with regulatory guidance and sound banking standards. Appraisals need to be independently assessed to ensure the quality is commensurate with the complexity of the subject property and risk of the transaction. This session will delve into a sample residential loan appraisal and identify what you need to look for and what may cause concern. You’ll be guided through sample written policy, procedures, and checklists, and learn how to identify and correct common mistakes made during the review process. 

Agenda

Speakers

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.

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance