There is no "one size fits all" when it comes to a regulatory compliant appraisal program, but good appraisal programs share some common traits.
This webinar examines alternatives and best practices for appraisal programs, all of which balance production enhancement and risk mitigation.
Regulatory compliance starts with a reasoned and comprehensive appraisal program, which flows through to policy and procedures into every day practice in the bank.
Learning Objectives:
- Learn how the appraisal program differs from the bank's appraisal policy
- Learn how an appraisal program set the framework for a bank's appraisal function
- Learn what the Interagency Appraisal and Evaluation guidelines specify about a bank's appraisal program
- Learn the three key components of any bank's appraisal function
- Learn what the regulations specify about appraisal policy issues and what items can be addressed in appraisal procedures documents
- Learn the importance of appraiser monitoring to enhance overall appraisal quality
Why Should You Attend:
As per the Interagency Appraisal and Evaluation Guidelines, a financial institution's appraisal program must incorporate eight key components of its appraisal function.
A bank must thus have a comprehension of the eight regulatory requirements, plus an understanding of how they can be incorporated into a codified plan and implemented in accordance with that plan on a day-to-day basis.
If your bank has not gained that understanding and taken those specific steps, this webinar will be a useful tool in starting that process.
Areas Covered
- The webinar provides a regulatory background for the appraisal program, as it must be addressed in a bank's appraisal policy
- Provides an overview of options for operating the bank's appraisal function
- Addresses appraiser and appraisal function independence, on a policy level and on an operational level
- Covers bidding and engaging of appraisers, as a component of the appraisal program
- Learn best practices for tiering the approved appraiser list to improve overall appraisal quality
- Stresses the importance of timely review of appraisals and evaluations before the final credit decision for full regulatory compliance
- Addresses use of evaluations and validations in a regulatory compliant appraisal program
Instructor
Heidi Lee is a commercial review appraiser with 18 years' experience at Whitney National Bank, a mid-sized financial institution. Since retiring from Whitney Bank in 2011, Ms. Lee has founded Appraisal Review & Consultation to share her skills and appraisal regulatory knowledge base with other financial institutions. Her firm offers commercial review services and appraisal policy/procedures assistance to small- and medium-sized banks across the country.
Ms. Lee has earned the MAI and the AI-GRS designations issued by the Appraisal Institute and the MRICS designation issued by the Royal Institution of Chartered Surveyors.
She holds a general appraiser certification in Louisiana and Texas and was appointed by two governors to serve on the Louisiana Real Estate Appraisers Board. Additionally, she is a member of RMA (Risk Management Associates), with special interest in credit risk and operational risk.