Dealing with Appraisals: Compliance with New Standards

Carl Pry


Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Thursday, May 17th, 2012

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.

Carl is an excellent speaker. If you have additional questions, he always follows up! - Brenda P., Northampton Cooperative Bank

NEW! Attend using your iPad!

Now you can join and participate in our events from your iOS device! Learn more...

Sign Up!

6-Month OnDemand Weblink - $255
Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
CD-ROM and Hardcopy Handouts - $295
CD-ROM plus Hardcopy Handouts. Does not include live session.


Remember me
The system was unable to recover your password. You can register a new account or, if you prefer, call 800-831-0678 ext. 7 to ask a human to investigate further. Thank you!
Register Now
Re-enter Email
Your password has been sent to your registered email. Click enter to proceed to the main login screen.
Privacy Statement  Support
Powered by Total Training Solutions Inc. | (800) 831-0678 | www.TTSTrain.com
facebook  twitter  
For
BankWebinars.com
| 800.831.0678 | http://www.BankWebinars.com/ |

19

Google+