Appraisal Compliance Seminar

2021 Appraisal Compliance Seminar

February 9 – 10, 2021

9:30 am – 12 noon each day
Via Zoom Platform

Federal and State legislative changes have occurred over the past year that impact Financial Institution Appraisal Department Policies and Procedures. These will be discussed in addition to Regulatory Hot Topics, Best Practices and USPAP Changes. This seminar is brought to you by the MBA Lending Committee.

PART I:  FEDERAL REGULATION AND GUIDANCE UPDATE:

  • COVID Regulations and Guidelines
    • The Agencies
    • FDIC
    • The Appraisal Foundation, USPAP Q&A
    • Fannie Mae, Freddie Mac, FHA, HUD, VA, USDA, CFPD
  • Appraisal Thresholds – Commercial and Residential
  • AMCs (Appraisal Management Companies) – Registration of Appraisers
  • Request to revisit FIRREA

PART II:  STATE REGULATION AND GUIDANCE UPDATE:

  • Evaluations
  • Banks charging for Evaluations and Reviews
  • Use of Evaluation Companies and local evaluators

PART III:  The Appraisal Foundation – USPAP and Appraiser Qualifications

  • 2020-2021 Enacted Changes
  • Proposed Changes for 2022-2023
  • Evaluation Sample Reports
  • Impact of Appraisal Threshold changes on appraiser licensing

PART IV:  OTHER HOT TOPICS

  • Validity Checks in general and in the current market
  • Issues Noted by Regulators
  • Clarification of Bank Questions such as:
    • What is the difference between an appraisal update and recertification of value?
    • Must an engaged appraiser sign an appraisal?
    • Can we engage an appraisal firm?
    • Can the RM see an appraisal before it is reviewed?
    • Are duplicate signatures required on a review document?
    • Does a bank have to provide evaluations to a borrower?
    • Is a restricted appraisal report an acceptable evaluation?
    • When is a loan modification NOT a subsequent transaction?
    • What constitutes a “financial services institution”?
    • Can we charge a review fee as an internal appraisal department?

PART V: BRING YOUR QUESTIONS AND CONCERNS TO DISCUSS

Who Should Attend:

The seminar will benefit anyone involved in the appraisal and evaluation order/receipt/review process, including appraisal department managers, internal evaluators, risk managers, loan review, etc.  The presentation directly relates to the responsibilities of real estate lending and valuation products. 

The Presenter: 

Cheryl Bonnaffons Bella is a General State Certified Appraiser in the State of Louisiana and the State of Texas. She has earned both the MAI and AI-GRS (General Review Specialist) designations through The Appraisal Institute, and has actively served various positions through the Appraisal Institute at the state and regional levels, including LA Chapter President in 2013.  In 2015 Cheryl Bella was appointed by the Governor of Louisiana to serve as a member of the Louisiana Real Estate Appraisers Board. In 2018 Cheryl became an AQB Certified USPAP Instructor.

APPRAISAL COMPLIANCE

REGISTRATION FORM

 

BANK/COMPANY NAME:_____________________________________________________

REGISTRANT NAME:_________________________________________________________

BANK ADDRESS:____________________________________________________________

PHONE NUMBER:____________________________________________________________

CELL NUMBER:______________________________________________________________

EMAIL ADDRESS:____________________________________________________________

____ $295 for Member Banks

____ $590 for Non-Member Banks

____ $495 for Member Banks/location *PLUS recording of all sessions for 30 days

*Virtual conferences allow for BANKS to register by location (device) instead of by individual banker.

 

TO REGISTER:  Scan & Email to lrichardson@msbankers.com

QUESTIONS: Contact Lori Richardson by calling (601) 709-3736 or emailing to the address above.

Due to the COVID-19 Pandemic, the MBA asks that everyone pay by credit card. 

 

Credit Card Information

Name on Bank Card_____________________________________________________________

Credit Card Number_____________________________________________________________

Expiration Date___________________________CVV___________________________________

Billing Zip Code_____________________________________