Description
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”
