One of the more cumbersome areas in real estate lending, both commercial and residential, is the appraisal process. While the requirements of our regulators may not be the issue, the fact that there are multiple guidelines and/or regulatory documents to understand and navigate can make it difficult to handle the appraisal process correctly. This program provides for directors an overview of these various guidelines and documents, and how the October 2018 Interagency Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines did much to further reduce the volume of rules-bearing documents and clarified the role of the primary document, the 2010 Interagency Guidelines. It also covers several best practices that your bankers can employ to make the appraisal process become a contributor to the lending process, rather than a necessary evil or bottleneck.
Other Topics Include:
- The Evolution of Appraisal Regulation
- FFIEC Comments on Commercial vs Residential
- Home Valuation Code of Conduct (HVCC)
- Uniform Mortgage Data Program (UMDP) and Uniform Appraisal Dataset (UAD)
- Appraisal FAQs
- Interagency Guidelines
- Appraisal Issues and Best Practices
- Levels of Review
- How to Build an Appraisal/Property Database
- Developing a Bid Process
Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.
- Includes Audio, Video and Powerpoint.
- PDF Handouts
- Discussion Questions
- 20-25 minutes in length (Perfect to show at your monthly board meeting!)
Who Should Attend?This program is recommended for your Executive staff including every member on your Board of Directors.
“We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank
“After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust
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