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CRE Appraisals: Regulations and the Review Process

This session will cover the key issues from the December 2010 Interagency Appraisal and Evaluation Guidelines, the October 2018 Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines, tips for integrating them into your existing policies, and ideas for meeting new/recent requirements for screening appraisals for USPAP compliance.

OnDemand
Recorded Monday,
January 31st, 2022
Presented by Richard Hamm
2h total length
2.5 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Lending
  • Commercial Lender
  • Credit Analyst
  • Mortgage Lender
  • Private Banker
  • Senior Management
  • Small Business Lender
  • Workout Specialist/Collector

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For at least 25 years, bankers have worked under multiple sets of rules and guidelines concerning the ordering and reviewing of appraisals. Appraisers have worked under the Uniform Standards of Appraisal Practice (USPAP) for even longer. This program provides a concise overview of the various rules and guidelines, plus key nuances that have created differences among the approaches taken by banks and endorsed or supported by their regulators. Because they are guidelines, not regulations with absolute deadlines, there is discretion in how regulators apply various features. Do you know the key factors that drive the discretion? What are some tips and traps in handling review outcomes? Can your bank have different levels or types of reviews for commercial properties? What key factors drive how to set the different levels?

What You'll Learn

  • Overview of guidelines and issues critical to CRE appraisals
    • The five minimum standards and what they really mean, as derived from the original 14 points in the Financial Institutions Reform and Recovery Act of 1989 (FIRREA) Title XI that govern how banks order and use appraisals
    • What is FIRREA? (and other regulatory guidelines still in place)
    • Yes, you can use appraisals prepared for other banks
  • Types of reviews, as suggested by the guidelines
    • Administrative/compliance review plus a sample checklist
    • Technical/internal review plus a sample checklist
    • Outside/third party review plus sample comments
    • Ideas for setting dollar limits
    • Ideas for screening for Uniform Standards of Appraisal Practice (USPAP) as of Jan. 1, 2020
    • Why your bank should create an appraisal/CRE properties database
  • What about evaluations?
    • Not just for loans below the dollar thresholds
    • New (as of 2010) evaluator independence guideline
  • Appraisal review outcomes and when to request revisions

Who Should Attend

CRE lenders, commercial lenders, private bankers, small business lenders, credit analysts, portfolio managers, assistant relationship managers, consumer and mortgage lenders, loan review specialists, special assets officers, lending managers, credit officers and CRE support personnel.

"Informative Class with a great speaker." -- Jill Tetrault, Kennebunk Savings Bank

"Very useful information to allow the Bank to update appraisal review process and procedures to be more risk based." -- Beverly Fortner, Texas Champion Bank

Richard Hamm

Instructor Bio

Richard Hamm has been training bankers for 28 years, designing and delivering courses specializing in commercial lending and credit, including portfolio and risk management, commercial real estate (CRE) and appraisals, plus selling and negotiating skills, and director training. He also conducts eight senior lender forums on a periodic basis in multiple states and one series at the national level.

He is based in Huntsville, AL and has owned/operated Advantage Consulting & Training for 14 years, after a 22-year banking career including senior positions in lending and credit, plus president of a community bank through formation and acquisition of an existing bank. He has BS and MBA degrees from the University of Alabama.

Continuing Education Credit Information

Recommended for 2.5 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.

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