Writing Compliant Real Estate Evaluations Internally

Date: 
Apr 19, 2018
Indiana Bankers Assocaition
8425 Woodfield Crossing Blvd., Suite 155E
Indianapolis
46240
Program Overview: 

PDF Brochure

This one day workshop 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.

Learning Objectives

  • Program Development - Discussion of items that should be considered when developing the evaluation portion of your valuation program
  • Independence of the Evaluation Program - Discussion of the importance of independence in the evaluation program as well as suggestions for communication with the person performing the report
  • Selecting a Qualified Evaluator - Discussion of items to consider when selecting the person to perform the evaluation
  • When is an Evaluation Report Acceptable? - Discussion of when the use of an evaluation report is appropriate as well as items to consider when developing the evaluation report
  • Minimum Evaluation Content - In-depth discussion of the minimum requirements of an evaluation report - this will include a focus on comparable selection and supporting the estimated market value given
  • 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
  • Evaluation Compliance Review - Discussion of items to look for during the review process
Topics: 

Program Content and Delivery:

This live program focuses on current issues involving the evaluation development and writing process and contains information relevant to those who manage or are involved with the real estate valuation process within a bank. A reference manual will be included with resources and a sample evaluation review checklist. The afternoon session will include development of and writing sample residential and commercial evaluations in the class. Classroom discussion will be encouraged and any questions the participants may have will be answered during the session.

Attendees are encouraged to bring a sample of their current internal evaluation template or form to the class to review for compliance with minimum requirements.

Speaker: 

Eric Collinsworth, owner of Appraisal Advisory Associates, LLC and co-owner of Valuation Compliance Services, LLC has been actively involved in the appraisal industry since 2004. Eric 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.

In October 2011, Eric formed Appraisal Advisory Associates, LLC in order to share his growing knowledge and expertise and to fill a need he recognized within smaller community banks for sound advice relating to the regulatory changes in the real estate valuation portion of the industry. 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. In 2014, Valuation Compliance Services, LLC was created in order to provide appraisal and evaluation review services to a growing client base as well as provide a solution to clients for internal real estate evaluations.

Agenda: 

8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 Noon Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns

Location: 

This seminar will be held at the IBA Center for Professional Development,8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240. Directions, map & a list of local hotels are available at www.indianabankers.org or by calling 317-387-9380.

Fees: 

IBA Members
$225 First Person
$155 Each Additional Person

Non-Members
$450

Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or nonmember rates.

Additional Information: 

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.

 

Association Contact: 

If you have any questions please contact Marcy Borden at 317-387-9380 or via e-mail at mborden@indianabankers.org.

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.

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