Start Date: 6/24/2020 1:00 PM MDT
End Date: 6/24/2020 2:30 PM MDT
Final agency rules adopted over the last two years have increased appraisal exemption threshold levels for real estate transactions. Not surprisingly, the use of in-house evaluations has become more prevalent. Institutions adopting new (or reevaluating) in-house evaluation programs must ensure that properly trained personnel, independent of loan production, develop evaluations with accurate market value, supported by sufficient source data, which is clearly provided in the final report.
This presentation will recommend components of comprehensive evaluation policies and procedures, including the use of analytical methods or technological tools such as Automated Valuation Models (AVMs) and Tax Assessment Values (TAVs). It will also cover required contents of a real estate evaluation, including who should conduct it.
Attendance certificate provided to self-report CE credits.