Member: $ 530
Non-Member: $ 730
Speaker: Cheryl Bella, FICRAS
This recording is from a 1-day instructor led program held on October 24th via Zoom. Recordings are 4 MP4 links. Electronic materials will be sent as well.
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:
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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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