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Identifying Common Mistakes During the Appraisal Compliance Review

Recorded on October 24, 2017

This two hour webinar will focus on the common mistakes that banks need to be aware of relating to reviewing appraisal reports for minimum compliance with the Interagency Appraisal and Evaluation Guidelines as well as the most recent revisions to USPAP.

Learning Objectives:

  • Qualified Review Personnel and Reviewer Independence - A discussion of the qualifications of the reviewer and the steps necessary to ensure reviewer independence is maintained
  • Minimum Expectations of the Compliance Review - A discussion of when compliance reviews are required and why they are an important part of the overall valuation process
  • Minimum Regulatory Guidelines - A discussion of the minimum appraisal requirements of the Interagency Guidelines for Appraisals and Evaluations
  • USPAP Requirements - A thorough discussion of USPAP and what reviewers should be looking for in the appraisal report to ensure compliance with USPAP
  • Understanding the Various Types of Reviews - The differences between a USPAP Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews to qualified personnel
  • Analysis of the Approaches to Value - A discussion of each approach to value and how to identify errors within the approaches
  • Identifying and Correcting the Most Common Mistakes - Other than errors found within the approaches to value, these most common mistakes will be identified, discussed and analyzed, as well as how to present them to the appraiser for correction
  • Handling Serious Deficiencies in the Report - How to handle items of concern with the appraiser and stay within the regulatory guidelines and what to do with a rejected report

Program Content and Delivery:
This program focuses on current issues involving the appraisal compliance review process and contains information relevant to those who manage or are involved with the appraisal review process within a bank. A reference manual will be included with resources and sample appraisal review checklists. The instructor is a certified appraiser with extensive experience in ordering and reviewing appraisals and has completed thousands of compliance reviews since 2008.

Who Should Attend?
Members of the bank who are involved with writing or reviewing appraisal reports, as well as other employees that will rely on appraisals 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.

Webinar Reviews: 

very informative - Andrea

did a great job - PrimeBank

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