This is a two-part webinar series to be held on March 28th and May 3rd, 2018. Registration options on this page include both sessions. Sessions can be attended individually by clicking the description/title links below.
These programs will cover the fundamental principles and features of CRE appraisals, including the key issues from the 2010 Interagency Appraisal and Evaluation Guidelines, tips for integrating them into your existing policies, and how CRE appraisals differ from residential reports.
- Overview of guidelines and issues critical to CRE appraisals
- The five minimum standards and what they really mean, as derived from the original 14 points in the Financial Institutions Reform and Recovery Act of 1989 (FIRREA) that govern how credit unions order and use appraisals
- What is FIRREA? (and other regulatory guidelines still in place)
- Yes, you can use appraisals prepared for other credit unions.
- Types of reviews, as suggested by the guidelines
- Administrative/compliance review plus a sample checklist
- Technical/internal review plus a sample checklist
- Outside/third party review plus sample comments
- Ideas for setting dollar limits
- Why your credit union should create an appraisal/CRE properties database
- What about evaluations?
- Not just for loans below the dollar thresholds
- Evaluator independence requirements
- Appraisal review outcomes and when to request revisions
- Types of appraisals by format
- What to look for within the assumptions and limiting conditions
- Property ownership interests clarified (fee simple, leased fee, etc.)
- Highest and best use of the property
- Approached to value
- Cost approach and information useful in the underwriting and loan structuring process
- Income approach options of discounted cash flow (DCF) and direct capitalization, with the steps to building net operating income (NOI) and the cap rate used in direct capitalization (including a case example)
- Comparables and the key issue to consider when selecting and evaluating comps
- Reconciliation of value
Who Should Attend?
CRE lenders, commercial lenders, credit analysts, portfolio managers, mortgage lenders, private bankers, small business lenders, loan review specialists, special assets officers, lending managers, credit officers and CRE support personnel.
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