Real Estate Compliance Reviews - Louisville

If you are not a KBA member, please contact Jamie Hampton at jhampton@kybanks.com or 502-736-1278 for the possibility of attending at a non-member rate.

Seminar 9 a.m. - 4 p.m. local time. Registration begins after 8:30 a.m. and breakfast will be available.

This one-day workshop will focus on the key points that institutions need to be aware of relating to reviewing valuation reports for minimum compliance with the Interagency Appraisal and Evaluation Guidelines as well as the most recent revisions to USPAP. Identifying and requesting corrections for the most common mistakes will be a focus of the course. Several case studies will be conducted.

Learning Objectives:
  • Qualified Review Personnel and Reviewer Independence - A discussion of the qualifications of the reviewer and the steps necessary to ensure reviewer independence is maintained
  • Minimum Expectations of the Compliance Review - A discussion of when compliance reviews are required and why they are an important part of the overall valuation process
  • Minimum Regulatory Guidelines - A discussion of the minimum appraisal requirements of the Interagency Guidelines for Appraisals and Evaluations
  • USPAP Requirements - A thorough discussion of USPAP and what reviewers should be looking for in the appraisal report to ensure compliance with USPAP
  • Understanding the Various Types of Reviews • The differences between a USPAP Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews to qualified personnel
  • Analysis of the Approaches to Value - A discussion of each approach to value and how to identify errors within the approaches
  • Identifying and Correcting the Most Common Mistakes - Other than errors found within the approaches to value, these most common mistakes will be identified, discussed and analyzed, as well as how to present them to the appraiser for correction
  • Handling Serious Deficiencies in the Report • How to handle items of concern with the appraiser and stay within the regulatory guidelines and what to do with a rejected report
  • CASE STUDIES - Several Case Studies (Residential and Commercial) will be conducted in the class to demonstrate how to apply the knowledge gained from the discussion items above
Program Content and Delivery

This live program focuses on current issues involving the real estate valuation compliance review process and contains information relevant to those who manage or are involved with the appraisal and/or evaluation review process within the institution. A reference manual will be included with resources and sample review checklists available upon request. The instructor is a certified appraiser with extensive experience in ordering and reviewing reports and has completed thousands of compliance reviews since 2008.

Who Should Attend

Members of the institution who are involved with writing or reviewing appraisal or evaluation reports, as well as other employees that will rely on these reports will be interested in attending this program. In addition to any appraisal department member, this may include credit officers, loan officers, credit analysts, loan review officers, credit administration supervisors, and loan assistants.

Cancellation Policy

Cancellations received more than 30 days prior to the event will receive a full refund. Cancellations received between 29 days and 10 days prior to the event will be charged a $50 processing fee. There will be no refund for cancellations received less than 10 days prior to the event. Substitutions are always welcome and encouraged. All cancellations and substitutions must be submitted in written format prior to the event.
When
11/4/2021 - 11/4/2021
Where
Indiana Wesleyan University
1500 Alliant Avenue
Louisville, KY

About the Speaker(s)

SpeakerBlock
Mr. Eric Collinsworth
Mr. Eric Collinsworth
Appraisal Advisory Associates, LLC

Eric Collinsworth, owner of Appraisal Advisory Associates, LLC has been actively involved in the appraisal industry since 2004. He received the Certified Residential Appraiser designation in 2006. For the first 4 years of his appraisal career, he worked exclusively on residential property appraisal in the Middle Tennessee area, with a focus on OREO and high-end properties. Since 2008, he has worked for and with community banks in Tennessee and throughout the Eastern United States. He served in a supervisory role for a multi-billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training and market analyses, as well as the management of the day to day operations of the appraisal department. He works closely with community bankers associations in many states to provide training on how to apply the regulatory requirements and guidelines for the real estate valuation process.
Mr. Eric Collinsworth
Mr. Eric Collinsworth
Appraisal Advisory Associates, LLC
Eric Collinsworth, owner of Appraisal Advisory Associates, LLC has been actively involved in the appraisal industry since 2004. He received the Certified Residential Appraiser designation in 2006. For the first 4 years of his appraisal career, he worked exclusively on residential property appraisal in the Middle Tennessee area, with a focus on OREO and high-end properties. Since 2008, he has worked for and with community banks in Tennessee and throughout the Eastern United States. He served in a supervisory role for a multi-billion dollar financial institution headquartered in Middle Tennessee and was responsible for developing compliance forms, appraisal policies, appraisal reviews, appraisal training and market analyses, as well as the management of the day to day operations of the appraisal department. He works closely with community bankers associations in many states to provide training on how to apply the regulatory requirements and guidelines for the real estate valuation process.COLLINSWORTH, ERIC

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