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Appraisal Reviews: What to Look For

A thorough appraisal review is essential to your underwriting process. In this session we will review a sample appraisal and evaluation and identify what you need to look for and what may cause you concern.

OnDemand
Recorded Thursday,
July 15th, 2021
Presented by Dawn Kincaid
1h 30m total length
2 CEU Credits
$195.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Compliance Officer
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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A key element of any loan decision is a sound appraisal that truly depicts the market valuation at the time of the loan. Both safety & soundness examiners and compliance examiners are carefully scrutinizing your appraisal procedures – from policies, to procedures, to independent ordering of appraisals, to appraisal reviews and more. Are your policies and procedures up to date? How will your procedures stack up to the examiners’ expectations?

It is essential that financial institution employ effective, independent appraisal and evaluation processes within the lending function. Appraisers engaged to conduct appraisals and evaluations should have the knowledge and expertise to perform reviews in accordance with regulatory guidance and sound banking standards. Appraisals need to be independently assessed to ensure the quality is commensurate with the complexity of the subject property and risk of the transaction.

In this session we will review a sample residential loan appraisal and identify what you need to look for and what may cause you concern. We will guide you through a sample written policy, procedures, and sample checklists, and discuss the good, the bad and the ugly we have seen in appraisals.

Covered Topics

  • Understand the appraisal rule requirements and thresholds
  • Learn examiner expectations for your appraisal policy and review process
  • Distinguish when a full appraisal is required versus an evaluation
  • Implement a strong appraisal review process for real estate appraisals
  • Utilize provided tools to thoroughly review a real estate appraisal

Learn caption

This informative session is designed for appraisal review staff, lenders, loan staff, Compliance Officers, and Auditors.


Dawn Kincaid

Instructor Bio

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years? experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.


Credit Information

Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.