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Evolving Appraisal Rules Webinar

The past couple of years have seen significant new developments in real estate appraisal rules and evaluation rules and regulations. There are new Interagency Guidelines, new rules under Reg. Z, and additional requirements coming due to the Dodd-Frank Act.

The regulators have upped their game; lenders’ appraisal and evaluation programs must include more elements than ever before. Some of the new themes being echoed by the agencies are independence of the appraiser and evaluator, reviews, and qualifications.

There are also significant new restrictions against using AVMs (automated valuation models), BPOs (broker price opinions), and tax valuations that has upset many in the industry.

Do you know the appraisal rule 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.

Covered Topics Include:

•The new Interagency Guidelines – new requirements for lenders
•Clarified independence requirements
•The many forms of appraisals and evaluations – what can you use and when? AVMs and BPOs aren’t what they used to be
•Can we accept a previous appraisal? Dealing with “readdressed” and “transferred” appraisals
•USPAP rules and standards – how do appraiser rules influence what lenders must do?
•New legislative developments and coming rules under Dodd-Frank
•How to achieve appraiser independence – you’ve got to prove it
•Death of the HVCC – but be careful what you wish for
•Anti-coercion and undue influence provisions of Reg Z – what can you NOT do (or say)?

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.

ICB Credit:  2.5 CLBB, 2.5 CRCM Continuing Education Credits

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.

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