Description:
Register by August 27th and take advantage of our Early Bird Pricing!
All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).
Real Estate Valuation Policies and Procedures has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.
WHAT?
This webinar will focus on the key points that financial institutions need to be aware of relating to their real estate valuation program to ensure they are operating in compliance with Interagency Appraisal and Evaluation Guidelines and other regulations.
WHY?
This program focuses on current issues involving ordering & reviewing valuation reports and contains information relevant to those who manage or are involved with the appraisal and evaluation process within an institution. A reference manual will be included. Sample appraisal & evaluation review checklists, Engagement Letters and/or other samples are available upon request. The instructor is a certified appraiser with extensive experience in ordering and reviewing appraisals.
PROGRAM CONTENT
Upon completion of this program participants understand:
- Keeping it Independent – Discussion of the steps necessary to ensure the appraiser’s independence is maintained
- Types of Valuation Reports and When Each is Needed – A discussion of the various types of appraisal and/or evaluation reports and when their use is appropriate
- USPAP’s Role in Ordering Appraisals
- Understanding the Scope of Work – The three approaches to value and the reconciliation section of the appraisal will be discussed, including discussion on the regulatory opinion of the Scope of Work
- Qualified Review Personnel – A discussion of who is considered appropriately qualified to review appraisals is presented, as well as how to document their qualifications
- Understanding the Various Types of Reviews – The differences between a USPAP Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews
- Spotting a Good or Bad Appraisal – How to discuss items of concern with the appraisers and how to document and create a paper trail when necessary
- Evaluation Requirements and Procedures – A discussion of minimum evaluation requirements, composition and handling their reviews
WHO?
The program is designed for members of the institution who are involved with the ordering and review of appraisals, as well as other members that will rely on appraisals will be interested in attending this program. In addition to any appraisal department member, this may include credit officers, loan officers, credit analysts, loan review officers, credit administration supervisors, and loan assistants.
*This program will start at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, or 11:00 AM PDT
**Recording Available
This webinar will be recorded and sent to all registrants. You will receive links to the recording following the program. These recordings have unlimited viewings and are available for up to one year.
Register by August 27th and take advantage of our Early Bird Pricing!
Presenters:
Eric Collinsworth
Eric Collinsworth has been actively involved in the real estate industry since 2004. He became and affiliate broker in 2005 and received the TN Certified Residential Appraiser designation in 2006. Eric is a compliance expert familiar with valuation related regulations. He also teaches regulatory compliance to community bankers and other associations throughout the United States.
Eric has worked for and with community banks in Tennessee and throughout the United States. He served in a supervisory role for a multi-billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training, and market analyses, as well as the management of the day to day operations of the appraisal department. In October 2011, Eric formed Appraisal Advisory Associates, LLC in order to share his growing knowledge and expertise and to fill a need he recognized within smaller community banks for sound advice relating to the regulatory changes in the real estate valuation portion of the industry. Since then, he has partnered with others to form three other companies in the real estate valuation industry.
October 6, 2021