Member: $ 530
Non-Member: $ 730
Speaker: Cheryl Bella, FICRAS
This recording is from a 1-day instructor led program held on October 12th via Zoom. Recordings are 3 MP4 links. Electronic materials will be sent as well.
It’s been another active year on Federal and State levels in addition to the secondary market relative to the appraisal function. We will update previous topics and talk about new items.
- Update on Federal and State Government Regulations
- Update on USPAP
- New Appraiser Qualification Requirements
- PAREA (Practical Applications in Real Estate Appraisal) release
- Update on PAVE (Property Appraisal and Valuation Equity) task force
- ROV (Reconsideration of Value) Policy and Procedure development
- Appraiser BIAS – search for potential bias in appraisal reports
- UAD Redesign – new GSE appraisal forms
- AIR self-assessment checklist
- Review FNMA FAQs
- AVMs (automated valuation models)
- Value Acceptance vs. Appraisal Waiver
- Regulator answers to specific bank questions regarding:
- Extensions of credit
- Appraiser inspections
- Tract developments and use of model home appraisals
- Participations
- Bank size and compliance with regulations
- Loan assumptions
- Communication with the appraiser
- Necessity of engagement letters
- Business loan exemptions
- Ask a panel of Appraisers questions about the residential and commercial current market, ROVs, potential bias in the appraisal process, etc.
- And more…
This presentation directly relates to your responsibilities as a risk manager for your bank. Don’t’ miss it!