Description
This course covers The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA)Â Interagency Appraisal and Evaluation Guidelines. These Guidelines, including their appendices, address supervisory matters relating to real estate appraisals and evaluations used to support real estate-related financial transactions.
This course provides an in-depth exploration of the December 2, 2010, Interagency Appraisal and Evaluation Guidelines issued jointly by the Office of the Comptroller of the Currency (OCC), Federal Reserve Board (FRB), Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA), collectively referred to as “the Agencies.” The guidelines, which replace the 1994 version, outline the supervisory expectations and standards for real estate appraisals and evaluations supporting real estate-related financial transactions.
Participants will gain an understanding of the legal and regulatory framework underpinning real estate appraisals, including the requirements of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The course will cover the role of appraisals in federally related transactions, the Agencies’ appraisal regulations, and the policies institutions must adopt to ensure compliance with safety and soundness standards.
The course will also address the responsibilities of financial institutions in implementing and maintaining an independent, effective appraisal and evaluation program. Key topics include the independence of appraisers and evaluators, methods for evaluating and monitoring appraiser performance, and procedures for ensuring compliance with regulatory requirements. Additionally, participants will learn about the supervisory review process, potential consequences for non-compliance, and best practices for mitigating risks associated with real estate collateral valuation.
Your instructor for this course is Bill R. Caudell.
Bill Caudell is a seasoned residential appraiser with over 20 years of industry experience. Since 2007, he has served in a leadership role at a regional regulated lender, where he implemented and managed the appraiser approval process, appraisal ordering, and review procedures for Credit Administration—overseeing more than 7,500 appraisal reports.
His extensive review experience spans a wide range of property types, including hotels, restaurants, poultry and dairy farms, subdivision developments, special use properties, apartment complexes, and commercial office spaces. In addition to appraisal work, he has also managed apartment complexes and commercial real estate.
Bill is the owner and President of Caudell, Inc., an appraisal firm based in Bristol, Virginia. He is dedicated to professional development and continuing education. He is a founding Board member of the Virginia Coalition of Appraiser Professionals.
View State Approvals Here:
More states coming soon!
Reviews
There are no reviews yet.