Writing Compliant Real Estate Evaluations Internally

With Eric Collinsworth

Writing Compliant Real Estate Evaluations Internally

With Eric Collinsworth
  • 1 Video
  • 3 PDFs
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

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:

  • Program Development - Discussion of items that should be considered when developing the evaluation portion of your valuation program
  • Independence of the Evaluation Program - Discussion of the importance of independence in the evaluation program as well as suggestions for communication with the person performing the report
  • Selecting a Qualified Evaluator - Discussion of items to consider when selecting the person to perform the evaluation
  • When is an Evaluation Report Acceptable? - Discussion of when the use of an evaluation report is appropriate as well as items to consider when developing the evaluation report
  • Minimum Evaluation Content - In-depth discussion of the minimum requirements of an evaluation report - this will include a focus on comparable selection and supporting the estimated market value given
  • 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
  • Evaluation Compliance Review - Discussion of items to look for during the review process

This program focuses on current issues involving the evaluation development and writing process 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 minimum requirements 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 with resources and a sample evaluation report and review checklist.

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.

Course Curriculum

Video
120:03
Writing Compliant Real Estate Valuations Internally
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Instructor

Eric Collinsworth
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.