How to Have Regulatory Compliant Appraisal Policy
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Online Compliance Panel
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This webinar will examine in detail what the regulations say about the content banks should have in an appraisal policy. Even more importantly, it will provide insight into how the regulators expect those policy statements to flow through to the overall
credit decision environment and the day-to-day operations of the appraisal function. The focus will be on practical take-aways from an appraisal policy consultant.
Objectives of the Presentation
When it comes to the appraisal function, financial institutions almost universally share two problems:
1. Few bankers understand appraising: The work and process of valuing property and how to spot appraisal deficiencies, but often instead vet an appraisal report solely by whether it facilitates the loan, or not. When banks realize this deficiency, an appraiser is often hired to manage their appraisal program, but…
2. Few appraisers who are hired from the field to manage an appraisal function understand the appraisal regulations, as applied to daily bank operations
This webinar is intended to fill that gap in knowledge and understanding.
Objectives of the Presentation
- Learn what the regulations says about appraisal policy content
- Learn where to begin crafting a regulatory-compliant appraisal policy
- Learn that the regulations are broad-brush in expectation of each bank crafting a detailed policy and written appraisal procedures: no one-size-fits-all for appraisal policies
- Learn the ten most common appraisal policy mistakes made by financial institutions
- Learn best practices for incorporating written, detailed appraisal procedures with your bank's appraisal policy
- Learn best practices for the interaction of lenders with the appraisal function: facilitating production, while maintaining crucial appraisal function independence
When it comes to the appraisal function, financial institutions almost universally share two problems:
1. Few bankers understand appraising: The work and process of valuing property and how to spot appraisal deficiencies, but often instead vet an appraisal report solely by whether it facilitates the loan, or not. When banks realize this deficiency, an appraiser is often hired to manage their appraisal program, but…
2. Few appraisers who are hired from the field to manage an appraisal function understand the appraisal regulations, as applied to daily bank operations
This webinar is intended to fill that gap in knowledge and understanding.
Outline
Areas Covered
- Provides a regulatory background for the various appraisal policy requirements
- Covers common mistakes financial institutions make in their appraisal program
- Provides an overview of the connections between the appraisal function and other functions in the institution; how good linkages and communication fosters better production and prevents misunderstandings
- Discloses the importance of role identification, qualifications, and coordination
- Learn how to customize your bank's appraisal policy to accommodate your organizational structure, corporate culture, and personnel resources
- Learn the importance of a risk-based appraisal program
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Onlinecompliancepanel is a dedicated team of youngsters, who work in tandem with the latest US FDA regulations/regulatory compliance in creating training sessions suitable for individuals and corporations. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Our interactive training sessions could be beneficial to corporations thriving in industries such as pharmaceuticals, drugs and chemicals, FDA compliance, medical devices, packaging and labeling, food and beverages, banking and finance, audits and inspections, recalls and crisis management and many more. We emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices, risk management and market trends.
Professional training, in the essential quality disciplines, contributes to both the competitiveness of your business and also to personal motivation; it broadens the experience and accelerates the development of those who participate. We provide training in a number of ways: ...
Professional training, in the essential quality disciplines, contributes to both the competitiveness of your business and also to personal motivation; it broadens the experience and accelerates the development of those who participate. We provide training in a number of ways: ...
