SOCIAL DISTANCE PRICING — We know it's not always possible to train in a group setting right now, so we're offering additional user logins for $25 each. If you need more than 5, contact us to purchase.

Have you completed this webinar? Please tell us what you think.

Course description

This webinar will focus on the key points that banks need to be aware of relating to ordering and reviewing appraisals or evaluations to ensure they are operating in compliance with Title XI of FIRREA and the Interagency Appraisal and Evaluation Guidelines    

Program Objectives:

Appraisal Regulation Update – A discussion of recent regulatory changes around the real estate valuation processes, including discussion of the Commercial Real Estate Transaction threshold increase to $500,000

Dealing with the appraiser shortages and higher fees – Discussion of the current shortages of appraisers as well as any possible regulatory changes to address the problem for the near future •

Available Report Options and When Each is Needed – A discussion of the various types of appraisal or evaluations reports and when their use is appropriate; this includes suggestions that are often overlooked but could save your borrowers on fees and often have quicker turn-times

Minimum Appraisal Standards– Discussion of minimum appraisal standards, the appraisal development process, and transactions that will require an appraisal; several examples will be discussed around the “As Is” value requirement

Minimum Evaluation Standards – A discussion of when the use of an evaluation is acceptable as well as minimum evaluation requirements necessary for an acceptable evaluation; a detailed overview of the threshold increase for Commercial Real Estate Transactions with examples will be included

<b>Understanding the Various Types of Reviews</b> – The differences between an Appraisal Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews; also includes discussion of the Evaluation Compliance Review

Understanding Capitalization Rates in an appraisal – Discussion of how these are derived and how to understand their use in the commercial appraisal report

Program Content and Delivery:: This webinar focuses on current issues involving ordering & reviewing valuation reports and contains information relevant to those who manage or are involved with the appraisal and evaluation process within a bank.

This webinar will focus on the key points that banks need to be aware of relating to ordering and reviewing appraisals or evaluations to ensure they are operating in compliance with Title XI of FIRREA and the Interagency Appraisal and Evaluation Guidelines

Program Objectives:

Appraisal Regulation Update – A discussion of recent regulatory changes around the real estate valuation processes, including discussion of the Commercial Real Estate Transaction threshold increase to $500,000

Dealing with the appraiser shortages and higher fees – Discussion of the current shortages of appraisers as well as any possible regulatory changes to address the problem for the near future •

<b>Available Report Options and When Each is Needed</b> – A discussion of the various types of appraisal or evaluations reports and when their use is appropriate; this includes suggestions that are often overlooked but could save your borrowers on fees and often have quicker turn-times

Minimum Appraisal Standards – Discussion of minimum appraisal standards, the appraisal development process, and transactions that will require an appraisal; several examples will be discussed around the “As Is” value requirement

Minimum Evaluation Standards– A discussion of when the use of an evaluation is acceptable as well as minimum evaluation requirements necessary for an acceptable evaluation; a detailed overview of the threshold increase for Commercial Real Estate Transactions with examples will be included

Understanding the Various Types of Reviews– The differences between an Appraisal Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews; also includes discussion of the Evaluation Compliance Review

Understanding Capitalization Rates in an appraisal – Discussion of how these are derived and how to understand their use in the commercial appraisal report

Program Content and Delivery: This webinar focuses on current issues involving ordering & reviewing valuation reports and contains information relevant to those who manage or are involved with the appraisal and evaluation process within a bank.

Instructor(s)

Eric Collinsworth

Eric Collinsworth, owner of Appraisal Advisory Associates, has been actively involved in the appraisal industry since 2004. He received the Certified Residential Appraiser designation in 2006. For the first 4 years of his appraisal career, he worked exclusively on residential property appraisal in the Middle Tennessee area, with a focus on OREO and high end properties. Since 2008, he has worked for and with community banks in Tennessee. He served in a supervisory role for a multi billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training, and market analysis, as well as the management of the day to day operations of the appraisal department. In October 2011, Eric formed Appraisal Advisory Associates, LLC in order to share his growing knowledge and expertise and to fill a need he recognized within smaller community banks for sound advice relating to the regulatory changes in the appraisal industry.In addition to his appraisal review and regulatory compliance work, Eric also holds an Affiliate Broker's license with a Middle Tennessee real estate firm. His company, Appraisal Advisory Associates, LLC has partnered with a Nashville based appraisal management company to provide full appraisal management services to community banks.

Course curriculum

  • 1

    Webinar

    • Real Estate Valuation in Today's Marketplace
  • 2

    Materials

    • Attendance Sheet