Writing Compliant Real Estate Evaluations Internally


Presented by: Eric Collinsworth

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  This two hour webinar will focus on the key points that banks need to be aware of relating to writing their own real estate evaluations to ensure they are written in compliance with the Interagency Appraisal and Evaluation Guidelines.

Learning Objectives:
  • Program Development - Discussion of items that should be considered when developing the evaluation portion of your valuation program
  • Independence of the Evaluation Program - Discussion of the importance of independence in the evaluation program as well as suggestions for communication with the person performing the report
  • Selecting a Qualified Evaluator - Discussion of items to consider when selecting the person to perform the evaluation
  • When is an Evaluation Report Acceptable? - Discussion of when the use of an evaluation report is appropriate as well as items to consider when developing the evaluation report
  • Minimum Evaluation Content - In-depth discussion of the minimum requirements of an evaluation report - this will include a focus on comparable selection and supporting the estimated market value given
  • Validating an Existing Report - Discussion of items that could impact the current report's validity and how to support the use of an existing report or when to complete a new report
  • Evaluation Compliance Review - Discussion of items to look for during the review process
This program focuses on current issues involving the evaluation development and writing process and contains information relevant to those who manage or are involved with the real estate valuation process within a bank. An in-depth discussion of the minimum requirements of an evaluation will be presented as well as a focus on how to support the estimated market value given. A reference manual will be included with resources and a sample evaluation report and review checklist.

Who Should Attend?
Members of the bank who are involved with the valuation program, as well as other members that will rely on evaluations will be interested in attending this program. In addition to any appraisal department member, this may include credit officers, loan officers, credit analysts, loan review officers, credit administration supervisors, and loan assistants.

About the Speaker: Eric Collinsworth, owner of Appraisal Advisory Associates, LLC and co-owner of Valuation Compliance Services, LLC has been actively involved in the appraisal industry since 2004. He received the Certified Residential Appraiser designation in 2006. For the first 4 years of his appraisal career, he worked exclusively on residential property appraisal in the Middle Tennessee area, with a focus on OREO and high-end properties. Since 2008, he has worked for and with community banks in Tennessee and throughout the United States. He served in a supervisory role for a multi-billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training, and market analyses, as well as the management of the day to day operations of the appraisal department. In October 2011, Eric formed Appraisal Advisory Associates, LLC in order to share his growing knowledge and expertise and to fill a need he recognized within smaller community banks for sound advice relating to the regulatory changes in the real estate valuation portion of the industry. He works closely with community bankers associations in many states to provide training on how to apply the regulatory requirements and guidelines for the real estate valuation process. In 2014, Valuation Compliance Services, LLC was created in order to provide appraisal and evaluation review services to a growing client base as well as provide a solution to clients for internal real estate evaluations.

This program was recorded in its entirety in March 2016. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_reeval0316
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 29 October, 2015.

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