Appraisal Review

Appraisal Review
Appraisal Review

In the Supervisory Policy statement in the 2010 appraisal and evaluation guidance, the regulators stated:

"When analyzing individual transactions, examiners will review an appraisal or evaluation to determine whether the methods, assumptions, and value conclusions are reasonable. Examiners also will determine whether the appraisal or evaluation complies with the Agencies' appraisal regulations and is consistent with supervisory guidance as well as the institution's policies. Examiners will review the steps taken by an institution to ensure that the persons who perform the institution's appraisals and evaluations are qualified, competent, and are not subject to conflicts of interest."

Since 2010, all regulatory agencies have increased their expectations regarding a bank's review of property appraisals. A checklist simply does not suffice anymore, particularly on commercial property appraisals. Banks must gain a better understanding of the appraisal process and of the appraisals it receives.

Just because an appraiser is on the bank's approved appraisal list does not mean the bank should accept his or her work without question or review. Banks are expected to thoroughly review the appraisals, and question the assumptions contained therein when necessary.

This seminar focuses on the regulatory requirements and expectations regarding the review of third-party appraisals and in-house evaluations. Both single-family dwelling and commercial property appraisals will be discussed.

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Registration and continental breakfast begins at 8:30 a.m. with the seminar beginning at 9 a.m. Once online registration closes, please call CBAI at 800/736-2224 to register for this event.
When
10/26/2021
Where
CBAI Headquarters 901 Community Drive Springfield 62703

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