Start Date: 9/28/2021 1:00 PM MDT
End Date: 9/28/2021 2:30 PM MDT
The use of in-house evaluations continues to become more prevalent among financial institutions. Recently adopted agency rules have increased appraisal exemption threshold levels for real estate transactions, providing for an increased volume of credits whereby an in-house evaluation may be used for collateral valuation. In addition to expanded exemption thresholds, limited availability of appraisers in some rural markets has driven several institutions to rely more heavily on internally prepared evaluations.
Institutions need to ensure that properly trained personnel, independent of loan production, are in place to develop real estate market values based on assumptions that are clearly supported and documented within the real estate evaluation. This presentation will focus on the development of a comprehensive real estate evaluation, including procedures surrounding the use of analytical methods or technological tools such as Automated Valuation Models (AVMs) and Tax Assessment Valuations (TAVs).
Attendance certificate provided to self-report CE credits.