USPAP Guidelines for Residential Appraisal Reviewers-OnlineWebinar

Thursday, May 04, 2017 at 11:30AM - 2:30PM
Fremont, CA

Event Details

This webinar introduces the regulations governing the appraisal profession, Mortgage lenders and those reviewing residential appraisals for regulatory and GSE compliance are required to include in their reviews an opinion as to whether the report complies with USPAP. But how can a residential reviewer state whether an appraisal complies with the requirements of USPAP if he/she has never read USPAP or attended any education on that topic?

Objectives Of The Presentation
  • Learn what group promulgates USPAP and sets qualifications for appraisers
  • Learn what agencies enforce USPAP
  • Get an overview of banking laws and regulations as they pertain to USPAP
  • Learn how USPAP requirements for appraisers differ from bank regulations and GSE appraisal and lending requirements
  • Learn how appraisal review differs from a check of underwriter guidelines
Why Should you Attend
The Interagency Appraisal and Evaluation Guidelines require appraisal reviewers to understand the methods applied by appraisers, but also to know when appraisal standards have been violated. In fact, Dodd-Frank imposes monetary penalties on banks that fail to comply with the appraisal requirements set forth therein. It is true that Congress is talking about repeal or modification of Dodd-Frank, but until that happens, banks have exposure to regulatory penalties for non-compliance. Per Dodd-Frank, and its predecessor FIRREA, USPAP is the benchmark for measuring appraisal report acceptability. Familiarity with USPAP is a good way to avoid regulatory violations.

Areas Covered
  • The webinar includes a brief overview of the Interagency Appraisal and Evaluation Guidelines and its requirements for appraisal reviewers
  • It reveals how USPAP is organized and which sections are most relevant for residential reviewers
  • Included are key terms as they are specifically defined in USPAP and used by appraisers in their practice
  • Covers the Ethics Rule, Competency Rule, Scope of Work Rule, and Record Keeping Rule
  • Reveals how appraisal development differs from, but is related to, appraisal reporting
Who will Benefit
  • Mortgage Lending Group Managers and Appraisal Managers
  • Employees who review residential appraisal reports
  • Credit Administration Officers
  • Credit Officers involved in the appraisal function
  • Credit Reviewers and other credit side personnel
  • Mortgage lending underwriters
For Registration

Note: Use Promo code WE3PL and get 10% off on registration (Valid till MAY 31st 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

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Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

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Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts May 04, 2017 at 11:30AM - 2:30PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896