Real Estate Evaluations 101

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.

LOTS of NEW material and more in-depth! Don't miss this program even if you've attended in the past! This full day program will focus on the key points that banks need to be aware of relating to writing their own real estate evaluations to ensure they are written in compliance with the Interagency Appraisal and Evaluation Guidelines. Additional focus is given to supporting the value through the three approaches and their reconciliations.

Learning Objectives:
  • Selecting a Qualified Evaluator - Discussion of items to consider when selecting the person to perform the evaluation and how to document their qualifications
  • When is an Evaluation Report Acceptable? - Discussion of when the use of an evaluation report is appropriate; this includes discussion of the revised threshold increases
  • Minimum Evaluation Content - In-depth discussion of the minimum requirements of an evaluation report
  • Comparable Selection - A discussion of resources available and how to document the results of your comparable search
  • Supporting the Value - Analyzing and reporting the Sales Comparison, Income and Cost Approaches with suggestions for using each approach
  • Qualitative vs. Quantitative Analysis - Suggestions for supporting the value indicated through these analyses and document the results properly for compliance purposes
  • Reconciling the Sales Used - Notes for reconciling the sales used for proper support of the Sales Comparison Approach; this will be broken into 3 categories:

    1-4 Family dwellings (site built, manufactured, condominiums, and 2-4 family);

    Agricultural and improved large acreage tracts; and

    Commercial properties.

  • Reconciling the Approaches Completed - Notes for proper reconciliation of the Income and Cost Approaches and how to properly reconcile when more than 1 approach is completed
  • Validating an Existing Report - Discussion of items that could impact the current report's validity and how to support the use of an existing report or when to complete a new report
Program Content and Delivery

This program focuses on the development, support and reporting process for real estate evaluations and contains information relevant to those who manage or are involved with the real estate valuation process within a bank. An in-depth discussion of the development of a real estate evaluation will be presented as well as a focus on how to support the estimated market value given. A reference manual will be included with sample reports, property inspection report and reconciliations available.

Who Should Attend

Members of the bank who are involved with the valuation program, as well as other members that will rely on evaluations 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
10/15/2020 - 10/15/2020
Where
Indiana Wesleyan University
1500 Alliant Avenue
Louisville, KY

About the Speaker(s)

 List View Contact
Mr. Eric Collinsworth
Eric Collinsworth
Appraisal Advisory Associates, LLC
COLLINSWORTH, ERIC

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