Appraisals: FIRREA and Interagency Guidelines

Course Number: ABA

Course Code: ABA

Approach the appraisal process with impartiality, knowledge of requirements and standards, and effective evaluation techniques. This course covers:

  • Requirements for an effective appraisals and evaluations
  • FIRREA and Interagency Appraisal and Evaluation Guidelines
  • Requirements for reviews and evaluations
  • Requirements for monitoring collateral value
  • Transactions that may be exempt from obtaining an appraisal

What You’ll Learn

After successfully completing this course, you will be able to:

  • Describe the requirements for an effective real estate appraisal and evaluation program
  • Identify Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and Interagency Appraisal and Evaluation Guidelines
  • Describe the requirements for reviewing appraisals and evaluations
  • Describe the requirements for monitoring collateral value
  • Identify transactions that may be exempt from obtaining an appraisal

Audience: Any bank personnel who order or review appraisals/evaluations. Loan officers, loan processors and bank employees who need a general understanding of the Interagency Appraisal and Evaluation Guidelines.

Prerequisites: None

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Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: 1.0 CLBB

Length: Approximately 50 minutes

ABA Training