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Dealing With Appraisals: Compliance With New Standards Webinar

The past couple of years have seen significant new developments in real estate appraisals and evaluation rule and regulations. Revised Interagency Guidelines and new rules under Reg. Z have been issued, and additional requirements are on the way due to Dodd-Frank.

As breakdowns in appraisal practices have been partly blamed for the mortgage crisis, regulators have upped their game; lenders’ appraisal and evaluation programs must include more elements than ever before. Some of the themes being emphasized by the agencies are independence of the appraiser and evaluator, reviews, and qualifications.

There are also 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 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 Interagency Guidelines – 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
The HVCC may be gone, 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 is a 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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