Real Estate Appraisals for Banks - It's Not Just USPAP! An Overview - FIRREA / Interagency Appraisal and Evaluation Guidelines

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AI Price: $60.00
Full Price: $70.00

Notes

Cancellation Policy

No cancellations/refunds/credits/transfers 7 days prior to offering.

Additional Information

Have you heard of FIRREA / Interagency Appraisal and Evaluation Guidelines and wondered: What is that and Who are the Agencies? Have you questioned: Why are banks’ appraisal requirements so specific and sometimes different than USPAP? Why is communication with certain parties monitored and/or restricted? Why are some properties appraised many times in a short period of time? Why is an appraisal report sometimes shared with other financial institutions? Why is an As Is market value always needed?

While substantially grounded in USPAP, real estate appraisals and evaluation reports prepared in support of federally related transactions must comply also with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). To help banks comply with this statutory law and its related regulations, five federal agencies jointly issued the Interagency Appraisal and Evaluation Guidelines (Interagency Guidelines), which provide the framework for banks’ real estate appraisal policies, practices, and procedures.

Come join us for this information-filled 2-hour course to hear answers to common questions on the ins and outs of FIRREA / Interagency Appraisal and Evaluation Guidelines. Delivered to you in a moderator-led panel presentation and discussion with three seasoned bank appraisal review leaders.

Check-in  2:45 pm - 3:00 pm

CE Session:  3:00 pm - 5:00 pm

5:00 pm Networking Social (cash bar)

Panelists:  Michelle Gamache, MAI; Diane Norton, MAI; Steven Hurlbut, MAI

Moderator:  Eli Pascon, SRA

State of CT RE Appraisal Commission - 2 hours CE

AI - 10 points

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.