Real Estate Appraisal at Loan Modification or Refinance

Course Number: ABA

Course Code: n/a

Recognize different types of valuations required on modified or refinanced transactions, involving real estate or commercial loans. Key components include using a licensed or certified appraiser, working through exemptions, considering existing valuation factors, interagency guidelines and Reg B appraisal notice for each loan.

What You’ll Learn

This training will specifically address:

Types of real estate valuations required when refinancing or modifying a loan (appraisal, evaluation or neither)
Exemptions from appraisal requirements
Useful life of an appraisal
Determine when to provide a Reg B “Right to a copy of appraisal notice”

Audience: • Chief Compliance Officers (CCOs); Compliance Officers, Managers, Specialists, Analysts and Coordinators, including Compliance owners within the bank’s first line with responsibilities for Consumer Compliance and/or Regulatory Oversight. Internal Auditors, General Counsel and Legal, Consultants specializing in Bank Compliance. Federal and State Bank Examiners. Bankers who have attended ABA’s Compliance Schools or taken the Online Training for Compliance Professionals

Prerequisites: n/a