According to the Texas Department of Banking, some of the most common appraisal and collateral evaluation deficiencies noted during recent examinations include:
- A section of the program devoted to errors and omissions commonly noted in the review of appraisals/evaluations.
- Annual appraisals (or evaluations) on Other Real Estate Owned are not being performed timely.
- Updated appraisals or evaluations in distressed markets are not being obtained when commercial real estate loans are renewed.
Final Interagency Appraisal and Evaluation Guidelines, and their appendices, clarify how institutions comply with the Agencies’ appraisal regulations in light of developments concerning appraisals and evaluations, including changes in appraisal standards and advancements in institutions’ collateral valuation methods. Building on the existing regulatory framework, the Guidelines reaffirm the Agencies’ longstanding supervisory expectations for an institution’s appraisal and evaluation program, which is necessary to promote safe and sound real estate lending activity.
Why You Should Attend
- Sound real estate lending policy
- Compliance with applicable real estate regulations
- Minimum requirements of an “evaluation” vs. an appraisal
- Overview of the appraisal process
Who Should Attend
This summit will benefit real estate lenders and others involved with lending on real estate, loan review personnel, credit administration, accountants, other consultants, and regulators.
Continuing Education
This seminar will provide five (5) hours of Continuing Education Credit hours (CEU’s).