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Real Estate Appraisal Updates & Safety & Soundness Exam-Lou
Seminar 9 a.m. - 4 p.m. local time. Registration begins at 8:30 a.m. with breakfast.
This full day seminar will focus on the recent regulatory updates for your Real Estate Valuation Program and provide guidance on common questions and suggested responses for the regulators during the real estate portion of the Safety and Soundness Exam.
o Discussion of recent FAQ on Appraisal Regulations -
This discussion will focus on each of the FAQ responses provided by the regulators for interpreting the RE Valuation regs.
o Evaluation Threshold Updates -
This section will discuss the recent threshold increase for Commercial Real Estate Transactions and include samples that could be considered eligible property types that are often overlooked; The current pending threshold increase for 1-4 family residential transactions will also be updated and discussed if approved by the regulators.
o EGRRCPA Update -
A discussion of Section 103 (Exemption from appraisals of real property located in rural areas) of this law and suggestions for how to support your exemptions.
o Dealing with the Appraiser Shortages and Higher Fees -
Discussion of the current shortages of appraisers as well as any possible regulatory changes to address the problem for the near future.
o Available Report Options and When Each is Needed -
A discussion of the various types of appraisal or evaluations reports and when their use is appropriate; this includes suggestions that are often overlooked but could save your borrowers on fees and often have quicker turn-times.
o Minimum Appraisal Standards -
Discussion of minimum appraisal standards, the appraisal development process, and transactions that will require an appraisal; several examples will be discussed around the "As Is" value requirement.
o Minimum Evaluation Standards -
A discussion of when the use of an evaluation is acceptable as well as minimum evaluation requirements necessary for an acceptable evaluation; a detailed overview of the threshold increase for Commercial Real Estate Transactions with examples will be included.
o Understanding the Various Types of Reviews -
The differences between an Appraisal Compliance Review and a USPAP Standard 3 Review will be discussed along with outsourcing reviews; also includes discussion of the Evaluation Compliance Review.
o Understanding Capitalization Rates in an Appraisal -
Discussion of how these are derived and how to understand their use in the commercial appraisal report.
* RE Valuation Safety and Soundness Exam Tips -
A discussion of common questions and suggested responses for your regulators during the safety and soundness exam.
Program Content and Delivery
This program focuses on recent updates to regulations for the Real Estate Valuation program and contains information relevant to those who manage or are involved with the appraisal or evaluation ordering, writing and/or review process within a bank. A reference manual will be included with resources and sample review checklists. The instructor is a certified appraiser with extensive experience in real estate valuation requirements and processes.
Seminar participants will have the opportunity throughout the day to anonymously submit previous questions asked by their examiners or situations presented during their safety and soundness exams. The presenter will address these questions and provide suggestions for responses to them and the situations submitted.
Who Should Attend
Members of the bank who are involved with ordering, writing or reviewing appraisal and/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.
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.
5/8/2019 - 5/8/2019
Kentucky Bankers Association
600 West Main Street, Suite 400
About the Speaker(s)
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Appraisal Advisory Associates, LLC
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