Overview
Appraisals are a hot topic for regulators. The 2024 Appraisal and Evaluation Compliance Seminar will explore these hot topic items, in addition to laying the foundation for risk management in real state secured lending. The seminar will bring you up to date on the laws, regulations and best practices.
Who Should Attend
This seminar is a must for anyone involved in the appraisal/evaluation function at a bank, whether they are actively ordering/managing/reviewing appraisals, performing/ordering evaluations or involved in real estate lending risk management. Appraisal Dept. members, evaluators, compliance officers, risk managers, and underwriters need to know the rules and guidance. Lenders may want to attend so they too can understand the appraisal function and learn what product is needed, what level of review is required and what examiners are looking for when they review the appraisal and evaluation function.
Topics
Federal Laws and Agency Guidance
- EGRPRA
- PAVE Task Force – Appraisal BIAS
- Reconsideration of Value
State Regulations
- Appraiser Certification Law
- Are evaluations allowed?
- Who can perform evaluations?
Appraisal Exemptions
- Evaluations versus Appraisals
- Abundance of Caution
- Appraisal Validations (data resources)
GSE Rules and Recent Form Changes
- Waivers
- Inspections
- ANSI Measurement Requirements
The Appraisal Foundation Document Changes
- USPAP 2024
- Real Property Appraiser Qualification Criteria
Policy and Procedure Development
- Engagement Letters
- Review Forms
- Risk Breakpoints
- Solutions!
Hot Topics for Regulators
About the Instructor
Cheryl Bonnaffons Bella, MAI, AI-GRS, AQB Certified USPAP Instructor, is a certified appraiser who actively works in the banking industry as an appraisal compliance consultant. She established and managed appraisal departments for a variety of financial institutions and now consults with banks around the nation on appraisal regulatory compliance, department structure, and policy and procedure development. She previously served as vice president of Bank One Corporation and appraisal manager for Hancock Bank. She participated in due diligence analysis as part of bank acquisitions, wrote corporatewide appraisal policy and procedures, and wrote lender training classes and manuals. Bella also wrote and instructed annual banking compliance seminars for various state banking associations and individual financial institutions, and she teaches a variety of appraisal and real estate agent seminars and webinars, including presentations for the Appraisal Institute and American Society of Appraisers national conferences. She previously served in various positions in the Appraisal Institute at the state and regional levels and was appointed by the governor to serve on the Louisiana Real Estate Appraisers Board. In 2014, Bella participated in the development of an appraisal management and compliance platform that allows banks to manage their appraisal process in-house, a system where they maintain control of decision making and data. Bella serves as chief compliance officer for the risk management platform FICRAS (Financial Institution Complete Risk Aversion Solution) that is used by banks across the nation.
As a private contractor, she seeks educational opportunities to learn from and instruct lenders, real estate agents and appraisers on appraisal related issues, including regulatory, appraisal theory and appraisal practices.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.