This two hour webinar will focus on the key points that banks need to be aware of relating to writing their own real estate evaluations to ensure they are written in compliance with the Interagency Appraisal and Evaluation Guidelines.
- Selecting a Qualified Evaluator - Discussion of items to consider when selecting the person to perform the evaluation and how to document their qualifications
- When is an Evaluation Report Acceptable? - Discussion of when the use of an evaluation report is appropriate; this includes discussion of the new thresholds
- Minimum Evaluation Content - In-depth discussion of the minimum requirements of an evaluation report
- Comparable Selection – A discussion of resources available and how to document the results of your comparable search
- Supporting the value – Analyzing and reporting the Sales Comparison, Income and Cost Approaches with suggestions for using each approach
- Qualitative Analysis – Suggestions for supporting the value indicated through qualitative analysis and documenting the results properly for compliance purposes
- Reconciling the Sales Used and the Approaches Completed – Notes for reconciling the sales used for proper support of the Sales Comparison Approach and proper reconciliation of all approaches used
- Validating an Existing Report - Discussion of items that could impact the current report's validity and how to support the use of an existing report or when to complete a new report
Program Content and Delivery:
This program focuses on the development, support and reporting process for real estate evaluations and contains information relevant to those who manage or are involved with the real estate valuation process within a bank. An in-depth discussion of the development of an evaluation will be presented as well as a focus on how to support the estimated market value given. A reference manual will be included.
Who Should Attend?
Members of the bank who are involved with the valuation program, as well as other members that will rely on evaluations will be interested in attending this program. In addition to any appraisal department member, this may include credit officers, loan officers, credit analysts, loan review officers, credit administration supervisors, and loan assistants.
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