October 24, 2024
9:00am-4:00pm
Member Fees: $265 (In-Person); $365 (Live Stream); $530 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Non-Member Fees: $465 (In-Person); $565 (Live Stream); $730 (Recording); $100 Add On Recording Fee with In-Person or Live Stream Registration
Please note: If you participate in-person or by live stream via Zoom, we will email a certificate to you following the program. Certificates will only be emailed to registered attendees. If you register for the recording, we will not be able to provide a certificate because we will not be able to track attendance.
Click here for tips if participating in the live streamed seminar.
This class has been approved by the Louisiana Real Estate Appraisers Board for 6 CE hours (in-person and live stream only).
Appraisals are a hot topic for regulators, especially Appraisal Bias and Reconsideration of Value (ROV) procedures and Evaluations. The 2024 Appraisal and Evaluation Compliance Seminar will explore these hot topic items in addition to laying the foundation for risk management in real estate secured lending. The seminar will bring you up to date on the laws, regulations, and best practices. It will explore property measurement and the risk of obtaining the incorrect property size. You will meet appraisers in LA to obtain market condition updates. Topics include:
Federal Laws and Agency Guidance
- EGRPRA
- PAVE Task Force – Appraisal BIAS
- Reconsideration of Value (ROV)
- Engagement Letters
- Policy and Procedures
- Disclosure Forms
State Regulations
- Appraiser Certification Law
- Are evaluations allowed?
- Who can perform evaluations?
- Who can perform appraisal reviews?
- Are bank employees exempt from State Certification Law?
- Use of AMCs
Appraisal Exemptions
- Evaluations vs. Appraisals
- Abundance of Caution
- Appraisal Validations (data resources)
GSE rules and recent form changes
- Reconsideration of Value (ROV)
- Waivers
- Property Inspections and Inspectors
- ANSI Measurement Requirements – new measurement technology
The Appraisal Foundation Document Changes
- USPAP 2024
- Real Property Appraiser Qualification Criteria
Policy and Procedure Development
- Engagement letters
- Review forms
- Risk Breakpoints
- Solutions!
Hot Topics for Regulators
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This seminar is a must for anyone involved in the appraisal/evaluation function at a bank, whether they are actively ordering/managing/reviewing appraisals, performing/ordering evaluations or involved in real estate lending risk management. Appraisal Dept. members, evaluators, compliance officers, risk managers, and underwriters need to know the rules and guidance. Lenders may want to attend so they too can understand the appraisal function and learn what product is needed, what level of review is required and what examiners are looking for when they review the appraisal and evaluation function.
Cheryl Bonnaffons Bella, MAI, AI-GRS, AQB Certified USPAP Instructor, is a certified appraiser that actively works in the banking industry as an appraisal compliance consultant. She established and managed appraisal departments for a variety of financial institutions and now consults with banks around the nation on appraisal regulatory compliance, department structure, and policy and procedure development. Her financial institution experience includes serving as Vice President of Bank One Corporation, Appraisal Manager at Hancock Bank, and Vice President of First Commerce Corporation. She participated in due diligence analysis as part of bank acquisitions, wrote Corporate-wide appraisal policy and procedures, and authored lender training classes and manuals. Cheryl also authored and instructed annual banking compliance seminars for various state banking associations, individual financial institutions, and teaches a variety of appraisal and real estate agent seminars and webinars, including presentations for the Appraisal Institute and American Society of Appraisals national conferences. For Risk Management Association Cheryl teaches the Understanding and Interpreting Real Estate appraisals and annually participates in Chief Appraiser Roundtables.