CRE Appraisals: Reviewing & Interpreting OnDemand with Live Streaming Webinar

Attend the CRE Lending: Cash Flow, Cap Rates and Other Factors Seminar from the convenience of your own office or home via Live Streaming Video as it happens on Thursday, June 24th (9:00 am ‘€“ 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.

An important part of the commercial real estate (CRE) lending process is the review and interpretation of the property appraisal. This program covers the major issues of the entire appraisal process, including a brief review of selecting and engaging a qualified appraiser, but focuses more on reviewing the report for integration into the overall credit analysis. Fundamental principles and features of commercial appraisals are covered, as well as the primary analytical techniques such as net operating income (NOI) for basic, income-producing properties. This class will also provide an overview of the 2010 Interagency Appraisal and Evaluation Guidelines and the 2018 Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines, with tips for integrating the Guidelines and FAQs into your existing policies, plus other practical issues that community banks face, including a brief look at high volatility CRE (HVCRE).

CRE Appraisals: Reviewing & Interpreting Seminar OnDemand with Live Streaming has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.

Content

  • Why review appraisals? (Beyond regulatory requirements)
  • Types of reviews
    • Administrative/compliance
      • 14 review points from FIRREA
      • What is FIRREA? (and other current regulatory guidelines, including latest appraisal guidelines issued in 2010 and FAQs issued in 2018)
      • The five minimum standards (derived from FIRREA), and what they really mean
      • Partial exemptions, full exemptions and minimum standards for the report
      • A sample compliance review checklist
    • Technical/internal (and typical commercial appraisal sections)
      • Letter of transmittal
        • Appraiser qualifications
        • Types of appraisals by scope (2006 scope of work rule that revised old definitions of complete and limited)
        • Types of appraisals by format (2014 revisions to old definitions of self-contained, summary and restricted use)
      • Assumptions and limiting conditions
      • Property identification and ownership interest
        • Unique characteristics of the major types of real estate, and how these affect the appraisal
      • Approaches to value
        • How the cost approach works
        • The direct capitalization method for the income approach: net operating income (NOI) concepts and understanding key variables of vacancy, management fees, replacement reserves and capitalization (cap) rates
        • Direct sales comparison
      • Reconciliation of values and value conclusion
      • A sample technical review checklist
    • Outside/third party
      • How appraisers self-regulate via the Uniform Standards of Professional Appraisal Practice (USPAP) and state licensing
      • Getting another appraiser to do the review under USPAP 3 guidelines and sample review comments
  • Appraisal review outcomes: When to request revisions
  • Using your analysis to validate existing or older appraisals, with a suggested format for documenting your conclusions

Who Should Attend?

CRE lenders, commercial lenders, credit analysts, mortgage lenders, private bankers, small business lenders, loan review specialists, special assets officers, lending managers and credit officers involved in the CRE lending process. Also intended for support personnel involved in the ordering and reviewing of commercial appraisals

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
CRE Appraisals: Reviewing & Interpreting OnDemand with Live Streaming0.5 Any AnyWebinarSix Month On-Demand Recording Faculty$995.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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