Recording - Commercial Real Estate Appraisals: Overview of Rules/Guidelines & the Review Process - Sp20

Course Length
90 mins

Instructor
Richard Hamm

Price
$275.00

Description

Presenter: Richard Hamm

This 90-minute program will be presented live on: March 3, 10:30 a.m. - 12:00 p.m. Central Time
Recording available through: June 3, 2020
Price: $275

 

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 the current rules and guidelines that apply to the review process. For instance, did you know that in multiple sets of guidelines and FAQs that our regulators encourage us to have multiple levels or review intensity? By the way, having multiple levels in place helps build personnel back-up and a clear path to train those that are new to the process.ing 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), 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:

  • Why you should want to review appraisals (beyond just satisfying regulatory requirements)
  • Types or levels of reviews: Administrative/compliance, technical, and third party
  • 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 scope of work, 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
  • Review outcomes, and ideas on when and how to request revisions or corrections to the report
  • Issues with screening for USPAP compliance as of January 1, 2020

 

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

 

Related GSB Online programs/topics:

  • CRE Appraisals: Approaches to Value De-Mystified
  • CRE Appraisals: Key Appraisal Components Beyond the Approaches to Value
  • CRE Appraisals: Overview of Evaluations, Validations of Existing Appraisals, and Third-Party Reviews

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