MBA Education Dealing with Appraisals: Regulations and Requirements Webinar Aug. 4
MBA Education presents a webinar, Dealing with Appraisals: Regulations and Requirements, on Thursday, Aug. 4 from 2:00-4:00 p.m. ET.
This webinar will provide in-depth details of the appraisal and valuation process, from both the perspective of both the lender and appraiser, and paint a clear picture of Revised Interagency Guidelines and rules under Reg Z.
Because regulators have raised their expectations, lenders’ appraisal and evaluation programs must include more elements than ever before. Themes now emphasized by the agencies are independent of the appraiser and evaluator, reviews and qualifications. There are also restrictions against using AVMs (automated valuation models), BPOs (broker price opinions) and tax valuations and in some cases (called “flipping transactions”), lenders will even have to obtain two appraisals on the same property for one loan. This webinar will emphasize and provide a thorough understanding of what is required.
Objectives
–Consumer Financial Protection Bureau mortgage regulations under Reg Z–additional requirements for certain loan types
–Regulations and Interagency Guidelines–requirements for lenders and brokers
–Clarified independence requirements and their importance to examiners
–The many forms of appraisals and evaluations–what can you use and when? AVMs and BPOs aren’t what they used to be
–Can you accept a previous appraisal? Dealing with “readdressed” and “transferred” appraisals
–USPAP rules and standards–how do appraiser rules influence what lenders must do?
–How to achieve appraiser independence–you’ve got to prove it
–Anti-coercion and undue influence provisions of Reg Z–what can you NOT do (or say)?
Who Should Attend
–Real estate lenders
–Compliance officers
–Auditors
–Underwriters
–Appraisers (in-house or external)
–Closing agents, management and anyone else involved in the real estate or residential lending process with a need to understand the current state of appraisal regulation and requirements.
Speakers
–Carl Pry, CRCM, CRP, Managing Director, Treliant Risk Advisors
To register, click https://www.mba.org/store/events/webinar/dealing-with-appraisals-regulations-and-requirements.
