BankNewswatch

CRE Appraisals: Regulations and the Review Process

June 12, 2023 1:30 pm - 3:30 pm Central Time

A BankWebinars.com Program

Click Here to register for live program $279

Click Here to register for live program and recording $419

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. You will get tips for integrating them into your existing policies, and ideas for meeting new/recent requirements for screening appraisals for USPAP compliance.

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 discretion? What are some tips and traps for 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
  • What is FIRREA? (and other regulatory guidelines still in place)
  • 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
  • Appraisal review outcomes and when to request revisions

Faculty

Richard Hamm

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.