9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
When is an in-house evaluation not suitable for a real estate-secured transaction under the exemption threshold? What is an appraisal’s useful life? How can a previously determined market value be validated as part of a subsequent transaction? Learn the answers to these questions and more.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Review your institution’s in-house real estate evaluation policy and procedures for compliance
- Understand general content requirements for evaluations
- Discuss the use of technological tools such as Automated Valuation Models (AVMs) and Tax Assessment Values (TAVs) as part of the in-house evaluation process
- Determine if a transaction meets the real estate appraisal exemption threshold and understand when an appraisal should be ordered even though an exemption is available
- Create a document to validate previously developed valuations, such as appraisals and evaluations, for subsequent transactions to meet regulatory expectations
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 Value (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.
WHO SHOULD ATTEND?
This presentation will benefit lending personnel involved with real estate transactions, including credit and loan production managers, loan officers, credit analysts, and staff who are part of the valuation process.
- List of agency regulatory documents for future study and consideration
- Sample subsequent-transaction validation document
- Employee training log
- Interactive quiz
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NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.