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.

Course description

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. 

Learning Objectives: 

  • 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. 

Instructor

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

    • Access Webinar

  • 2

    Webinar Evaluation

    • Please complete this course evaluation ...