Dealing With Appraisals: Regulations and Requirements Webinar

The past few years have seen significant developments in real estate appraisals and evaluation rules and regulations. Revised Interagency Guidelines and new rules under Reg Z have been issued, and we’ve seen additional requirements finalized recently due to Dodd-Frank. Just in the last six months we’€™ve seen significant proposed and final regulations changing some thresholds and proposing some additional exceptions from the requirement. In some cases (called “flipping transactions”), lenders will even have to obtain two appraisals on the same property for one loan.

Because breakdowns in appraisal practices have been partly blamed for the mortgage crisis, regulators raised their expectations; lenders’ appraisal and evaluation programs must include more elements than ever before. Some themes now emphasized by the agencies are independence of the appraiser, and evaluator, reviews, and qualifications.

There are also restrictions against using AVMs (automated valuation models), BPOs (broker price opinions), and tax valuations that have upset many in the industry.

Do you know the requirements? We’ll provide in-depth details of the appraisal and valuation process, from both the lender and appraiser side of the game, to provide a thorough understanding of what is required and what you need.

The “Dealing with Appraisals: Regulations and Requirements” webinar has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. Certification holders must report these credits at https://aba.csod.com.

Covered Topics

  • New rules and proposals around exemptions, threshold amounts, and appraisals in rural areas
  • CFPB mortgage regulations under Reg Z – additional requirements for certain loan types
  • Regulations and Interagency Guidelines – requirements for lenders and brokers
  • Clarified independence requirements and their importance to examiners
  • The many forms of appraisals and evaluations – what can you use and when? AVMs and BPOs aren’t what they used to be
  • Can you accept a previous appraisal? Dealing with “readdressed” and “transferred” appraisals
  • USPAP rules and standards – how do appraiser rules influence what lenders must do?
  • How to achieve appraiser independence – you’ve got to prove it
  • Anti-coercion and undue influence provisions of Reg Z – what can you NOT do (or say)?

Who Should Attend?

Real estate lenders, compliance officers, auditors, underwriters, appraisers (in-house or external), closing agents, management, and anyone else involved in the real estate or residential lending process with a need to understand the current state of appraisal regulation and requirements.

“Carl is an excellent speaker. If you have additional questions, he always follows up!” – Brenda P., Northampton Cooperative Bank

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.

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Related Topics

Instructor

Carl Pry
Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, ... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Dealing With Appraisals: Regulations and Requirements0.25 12/02/2021 2:30pmWebinarLive Webinar Carl Pry$265.00 Register Now
Dealing With Appraisals: Regulations and Requirements0.25 12/02/2021 AnyWebinarLive, On-Demand, CD-ROM Carl Pry$395.00 Register Now
Dealing With Appraisals: Regulations and Requirements0.25 12/02/2021 AnyWebinarCD-ROM Video Recording Carl Pry$345.00 Register Now
Dealing With Appraisals: Regulations and Requirements0.25 12/02/2021 AnyWebinarLive and On-Demand Carl Pry$365.00 Register Now
Dealing With Appraisals: Regulations and Requirements0.25 12/02/2021 AnyWebinarSix Month On-Demand Recording Carl Pry$295.00 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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