Start Date: 11/14/2024 9:00 AM MST
End Date: 11/14/2024 10:30 AM MST
Location:
United States
A key element of any loan decision is a sound appraisal that truly depicts the market valuation at the time of the loan. Both compliance and safety and soundness examiners carefully scrutinize appraisal procedures – from policies, to procedures, to independent ordering, to appraisal reviews, and more. Are your policies and procedures up to date? How will your procedures stack up to the examiners’ expectations in light of recent new rules for AVMs and fair lending guidance for appraisal and AVM reports?
Financial institutions must employ effective, independent appraisal and evaluation processes within the lending function. Appraisers engaged to conduct appraisals and evaluations should have the knowledge and expertise to perform reviews in accordance with regulatory guidance and sound banking standards. Appraisals need to be independently assessed to ensure the quality is commensurate with the complexity of the subject property and risk of the transaction.
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