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USPAP Guidelines for Residential Appraisal Reviewers-OnlineWebinar

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

Online Event

  • May 2017

    04 Thu

    11:30AM

  • May 2017

    04 Thu

    2:30PM

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USPAP Guidelines for Residential Appraisal Reviewers-OnlineWebinar

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

Fremont, CA

No tickets available

Description
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
http://onlinecompliancepanel.com/webinar/USPAP-ISSUES-RESIDENTIAL-APPRAISAL-REVIEWERS-507035/MAY-2017-ES-EZEVENT

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

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