Writing Compliant Real Estate Evaluations Internally
March 23, 2022REGISTER NOW
Register by February 18th 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).
Writing Compliant Real Estate Evaluations Internally 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.
This webinar focus on the key points that banks need to be aware of relating to writing their own real estate evaluations to ensure they are written in compliance with the Interagency Appraisal and Evaluation Guidelines.
This program focuses on current issues involving the evaluation development and writing process and contains information relevant to those who manage or are involved with the real estate valuation process within a bank. Supporting the value derived will be discussed in detail. A reference manual will be included.
Following the completion of this program participants will understand:
- Program Development – Discussion of items that should be considered when developing the evaluation portion of your valuation program
- Independence of the Evaluation Program – Discussion of the importance of independence in the evaluation program as well as suggestions for communication with the person performing the report
- Selecting a Qualified Evaluator – Discussion of items to consider when selecting the person to perform the evaluation
- When is an Evaluation Report Acceptable? – Discussion of when the use of an evaluation report is appropriate as well as items to consider when developing the evaluation report
- Minimum Evaluation Content and supporting the estimated market value – In-depth discussion of the minimum requirements of an evaluation report – this will include a focus on comparable selection and supporting the estimated market value given
- Validating an Existing Report – Discussion of items that could impact the current report’s validity and how to support the use of an existing report or when to complete a new report
- Evaluation Compliance Review – Discussion of items to look for during the review process
Members of the bank who are involved with the valuation program, as well as other members that will rely on evaluations 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.
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.
March 23, 2022