Managing In-House Real Estate Evaluations

(90-minute webinar – recording also available)

Wednesday, June 24, 2020

12:00 PM Pacific          1:00 PM Mountain

2:00 PM Central           3:00 PM Eastern

When is an in-house evaluation not suitable for a real estate-secured transaction under the exemption threshold?  What is an appraisal’s useful life?  How can a previously determined market value be validated as part of a subsequent transaction?  Learn the answers to these questions and more. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Review your institution’s in-house real estate evaluation policy and procedures for compliance
• Understand general content requirements for evaluations
• Discuss the use of technological tools such as Automated Valuation Models (AVMs) and Tax Assessment Values (TAVs) as part of the in-house evaluation process
• Determine if a transaction meets the real estate appraisal exemption threshold and understand when an appraisal should be ordered even though an exemption is available
• Create a document to validate previously developed valuations, such as appraisals and evaluations, for subsequent transactions to meet regulatory expectations

WEBINAR DETAILS

Final agency rules adopted over the last two years have increased appraisal exemption threshold levels for real estate transactions. Not surprisingly, the use of in-house evaluations has become more prevalent.  Institutions adopting new (or reevaluating) in-house evaluation programs must ensure that properly trained personnel, independent of loan production, develop evaluations with accurate market value, supported by sufficient source data, which is clearly provided in the final report.

This presentation will recommend components of comprehensive evaluation policies and procedures, including the use of analytical methods or technological tools such as Automated Valuation Models (AVMs) and Tax Assessment Values (TAVs).  It will also cover required contents of a real estate evaluation, including who should conduct it.

WHO SHOULD ATTEND?

This presentation will benefit lending personnel involved with real estate transactions, including credit and loan production managers, loan officers, credit analysts, and staff who are part of the valuation process. 

TAKE-AWAY TOOLKIT

• List of agency regulatory documents for future study and consideration
• Sample subsequent-transaction validation document
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Appraisal & Evaluation Guidance on Collateral Valuation

on Wednesday, September 11, 2019

Appraisal Compliance Checklist, Including New Threshold Limits

on Tuesday, March 3, 2020 

     MEET THE PRESENTER - Aaron Lewis, Young & Associates, Inc.

Aaron Lewis is a senior consultant at Young & Associates, Inc. With over 15 years in the banking industry, his expertise is now dedicated to the lending division of Young & Associates where he assists financial institutions with loan, ALLL, policy, and credit-process and compliance reviews.  He also conducts seminars on credit risk and compliance.

Prior to joining Young & Associates, Aaron was the Vice President Credit Administrator of a community financial institution in southeast Michigan and managed all facets of the lending function, including originations, underwriting, ALLL analysis, servicing, and secondary market compliance.  He holds a Bachelor’s in finance from Michigan State University and graduated from the Graduate School of Banking, University of Wisconsin.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE