Appraisal Review Workshop
Both safety and soundness examiners and compliance examiners are carefully scrutinizing your appraisal procedures – from policies, to procedures, to independent ordering of appraisals, to appraisal reviews and more. Are your policies and procedures up to date? How will your procedures stack up to the examiners’ expectations?
It is essential that financial institutions employ effective, independent appraisal and evaluation processes within the lending function. Appraisers engaged to conduct appraisals and evaluations should have the knowledge and expertise to perform reviews in accordance with regulatory guidance and sound banking standards.
In this session, we will review a sample residential loan appraisal and identify what you need to look for and what may cause you concern. We will guide you through a sample written policy, procedures, and sample checklists, and discuss how to identify and correct common mistakes made during the review process.
