EmailAppraisal Management: The Dodd-Frank Effect Webinar
The valuation process in real estate loans is one of the areas targeted as partly responsible for the ”mortgage meltdown.” Consequently, there have been critical developments in the regulatory process that lenders and compliance personnel must be aware of. There are changes in USPAP for 2010 and for related forms. The regulatory agencies have issued guidelines regarding appraisal and evaluation practices, to take new methodologies, such as drive-bys and AVMs, into account. Independence of the appraisal process is essential, and you have to be able to prove it to your examiners.
In addition, the recent Dodd-Frank Act mandates many more changes in store for appraisals and appraisers, under FIRREA, TILA, ECOA, and even UDPAP.
Do you know the requirements? We’ll go in-depth on the details of the appraisal and valuation process, from both the lender and appraiser side of the game, to provide a thorough understanding of what is required and what you have to have. We’ll also provide a preview of what is to come under new rules yet to come.
Covered Topics Include:
•Appraisal regulations and requirements for lenders
•The many forms of appraisals and evaluations – what can you use and when?
•Interagency Appraisal and Evaluation Guidelines: increasing attention from examiners, plus proposed changes
•Can we accept a previous appraisal? Dealing with the “readdressed appraisal” issue
•USPAP rules and standards, including new issues for 2010 – how do appraiser rules influence what lenders must do?
•New legislative developments – “Appraisal Fairness” standards
•How to achieve appraiser independence – you’ve got to prove it
•Dodd-Frank Changes: sunset of the HVCC (the good and the bad), even more independence, and restrictions on AVMs and BPOs, among others
Who Should Attend?
Real estate lenders, compliance officers, auditors, underwriters, appraisers (in-house or external), closing agents, management, and anyone else involved in the real estate or residential lending process with a need to understand the current state of appraisal regulation and requirements.
Instructor: Carl Pry, Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP).
Schedule and Registration Information
Choose the delivery type that best suits your needs. Tuition includes textbook (if applicable).
Webinar times are EST. All other class times are local time.
| Delivery Type | Start Date | End Date | Start Time | End Time | Location | Tuition | |
|---|---|---|---|---|---|---|---|
| In-House | Any | Submit Request |
