Appraisals and Evaluations: Keeping Your Valuation Program Compl


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 ordering and reviewing appraisals to ensure they are operating in compliance with Title XI of FIRREA and the Interagency Appraisal and Evaluation Guidelines. In response to the current appraiser shortages observed in many areas, suggested alternative solutions will be considered and discussed.

Learning Objectives:
  • Available Report Options and When Each is Needed - A discussion of the various types of appraisal or evaluations reports and when their use is appropriate
  • Appraisers and evaluators - A discussion of who can perform each valuation type and the steps necessary to qualify the individual
  • Keeping it Independent - Discussion of the steps necessary to ensure the appraiser's, evaluator's and reviewer's independence is maintained; Also includes a discussion of who is considered appropriately qualified to review appraisals is presented, as well as how to document their qualifications
  • Minimum Appraisal Standards - Discussion of minimum appraisal standards, the appraisal development process, and transactions that will require an appraisal
  • USPAP's Role in Ordering Appraisals - Includes a discussion of USPAP and what portions should be considered in ordering an appraisal
  • Understanding the Scope of Work - The three approaches to value and the reconciliation section of the appraisal will be discussed, including discussion on the regulatory opinion of the Scope of Work
  • Minimum Evaluation Standards - A discussion of when the use of an evaluation is acceptable as well as minimum evaluation requirements necessary for an acceptable evaluation
  • Understanding the Various Types of Reviews - The differences between an Appraisal Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews; also includes discussion of the Evaluation Compliance Review
  • Developing an Acceptable Review Form - Discussion on the minimum review standards in order to meet regulatory guidelines and how to document them in a form style or narrative review
This program focuses on current issues involving ordering & reviewing appraisals and contains information relevant to those who manage or are involved with the appraisal and evaluation process within a bank. A reference manual will be included with resources with sample engagement letters and appraisal & evaluation review checklists. The instructor is a certified residential appraiser with extensive experience in ordering and reviewing appraisals.

Who Should Attend?
Members of the bank who are involved with the real estate valuation program, as well as other members that will rely on appraisal or 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, 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. 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 analysis, 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 appraisal industry.

In addition to his appraisal review and regulatory compliance work, Eric also holds an Affiliate Broker's license with a Middle Tennessee real estate firm. His company, Appraisal Advisory Associates, LLC has partnered with a Nashville based appraisal management company to provide full appraisal management services to community banks.

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  • Model: cd_appraisaleval1117
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 11 September, 2017.

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