Recording - Commercial Real Estate Appraisals: Reviewing and Interpreting - (4 Parts) - Fa19

Course Length
90 mins

Instructor
Richard Hamm

Price
$715.00

Description

Presenter: Richard Hamm, Advantage Consulting & Training

This four-part program will be presented live on: October 15, 22, 29 and November 5, 10:30 a.m.-12:00 p.m. Central Time
Recording available through: February 5, 2020
Price: $715

 

An important part of the commercial real estate (CRE) lending process is the review and interpretation of the property appraisal. This program briefly reviews some issues of the entire appraisal process, such as selecting and engaging a qualified appraiser, but focuses primarily on reviewing the report for integration into the overall credit analysis. Fundamental principles and features of appraisals are covered, the December 2010 Interagency Guidelines (regulators may cite Reg. H, Reg. Y, SR 10-16 and others, but all of them ultimately refer back to the 2010 Interagency Guidelines), the October 2019 Frequently Asked Questions (FAQs), as well as the primary analytical techniques such as net, operating income (NOI) and direct capitalization for income-producing properties.

 

Specific subjects that will be covered during the seminar include:

  • Why you should want to review appraisals (beyond just satisfying regulatory requirements)
  • Multiple types or levels of reviews:  Administrative/compliance, technical, third party and others
  • Practical suggestions for setting loan-size limits to trigger the levels of review
  • Administrative/compliance reviews:  FIRREA and other regulatory issues and a sample review checklist
  • Technical reviews:  Appraiser independence and competence, types of reports by format and the 2006 scope of work rule/changes, details on the approaches to value (cost, income and market sales), plus a sample review checklist
  • Third party review by appraisers:  How appraisers are regulated via USPAP, using USPAP Standard 3 to get a third-party review done and example comments from reviews – comments that will help you improve your reviews
  • How the three approaches to value (income, cost and market/comps) work, plus a case demonstrating the income approach using direct capitalization
  • Review outcomes, and ideas on when and how to request revisions or corrections to the report
  • Guidelines for evaluations in lieu of full appraisals
  • Guidelines for reviewing, validating and using existing appraisals
  • Other issues as required by the December 2010 interagency guidelines and October 2019 FAQs

 

Target Audience: Consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers

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