CRE Appraisals: Regulations & the Review Process
Course Number: Webinar
Course Code: n/a
This session will cover the key issues from the December 2010 Interagency Appraisal and Evaluation Guidelines, the October 2018 Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines, tips for integrating them into your existing policies, and how CRE appraisals differ from residential reports.
-Overview of guidelines and issues critical to CRE appraisals
The five minimum standards and what they really mean, as derived from the original 14 points in the Financial Institutions Reform and Recovery Act of 1989 (FIRREA) Title XI that govern how banks order and use appraisals
What is FIRREA? (and other regulatory guidelines still in place)
Yes, you can use appraisals prepared for other banks
-Types of reviews, as suggested by the guidelines
Administrative/compliance review plus a sample checklist
Technical/internal review plus a sample checklist
Outside/third party review plus sample comments
Ideas for setting dollar limits
Why your bank should create an appraisal/CRE properties database
-What about evaluations?
Not just for loans below the dollar thresholds
New (as of 2010) evaluator independence guideline
-Appraisal review outcomes and when to request revisions
Audience: CRE lenders, commercial lenders, credit analysts, portfolio managers, community bankers, mortgage lenders, private bankers, small business lenders, loan review specialists, special assets officers, lending managers, credit officers and CRE support personnel.