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This Seminar is CANELLED!
CONDUCTING A REAL ESTATE APPRAISAL REVIEW
February 26, 2010
Cost: $250 members; $500 non-members (this price is for online registration only)
Register by February 12th
The full fee is payable for cancellations after the deadline, however, a substitute may attend. No shows will be billed for the full fee.
LUNCH WILL BE ON YOUR OWN
Course Description
The major regulatory agencies have increased their expectations of banks in their review of real estate appraisals. With the soft real estate market, particularly in the residential sector, understanding the requirements of the appraisal process and the appraisals itself is paramount. The appraisal review checklist provides a good start for the appraisal review process but it should not end there. Now, banks are expected to review appraisals thoroughly and question the assumptions contained therein when necessary.
This seminar focuses on the regulatory requirements regarding the review of appraisals on single family dwellings and commercial property appraisals in addition to the documentation required to prove that a thorough review has been conducted. It will also focus on who banks should qualify to conduct appraisal reviews on their behalf. This has been an area of criticism by the regulators and a concern for bankers.
The specific areas to be covered during this session include:
1. Review of the interagency policy on appraisal and evaluation standards.
2. Review of regulatory appraisal review requirements and current expectations
3. Review of the major provisions under the Uniform Standards of Professional Appraisal Practice (“USPAP”)
For Residential Appraisals, the session will cover:
1. Areas of the appraisal to review
2. Secondary Market Expectations
3. Common problems found in these types of appraisals
For Commercial Appraisals, the session will cover:
1. Approaches to Value
2. The proper use of Comparables
3. The proper use of Capitalization and Discount
4. Principles employed to adjust values
5. Important items to look for in the appraisals
At the end of this session, the participant should have a better understanding of the expectations and requirements of the regulatory community as it relates to the appraisal review process and achieve a proven technique of reviewing appraisal to determine its acceptability.
Presenter
Jeffery W. Johnson, President and Senior Consultant, started his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender for SouthTrust Bank (a large Southeastern Regional Bank) and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta (Community Bank). Most of his career has been spent in Credit Administration, Lending (Commercial, Consumer and Real Estate), Business Development, Loan Review, Management and Training & Development. He has managed loan portfolios representing a cross section of loan types including: Large Corporate, High Net Worth Individuals, Middle Market Companies, Small Businesses, Real Estate and Non-Profit Organizations and managed several loan officers with portfolio management responsibilities.
Mr. Johnson is now a training professional in the banking industry by leading various seminars covering important topics relating to issues in banking. He teaches actively for fifteen state banking associations in the United States, Risk Management Association (RMA) and individual banks nationwide. He co-authored a training course entitled “Lending to Service and Other Professional Organizations” for RMA in 2001. Mr. Johnson earned a B.A. Degree in Accounting from Morehouse College in Atlanta, GA; a MBA in Finance from John Carroll University in University Heights, Ohio; Banking Diploma from Prochnow School of Banking at the University of Wisconsin-Madison and a Graduate Certificate in Bank Management from the Wharton School of Business at the University of Pennsylvania.
Driving Directions & Parking
Parking is validated in the Walker Center
Coming from I-15 South take the 600 South Exit and coming from I-15 North take the 4th South Exit and proceed east to State Street. Turn left on State and left again on 200 South heading west. At the crosswalk between State Street and Main Street, turn right onto Regent Street and immediately left into the Walker Center Parking Garage. Unreserved parking is available above level 5. Take the parking garage elevators to the 7th floor for access to the 6th floor of the Walker Center. Once you are in the Walker Center Building, take the elevators to the 14th floor to Suite 1420. You may also take TRAX and get off on the Gallivan Center Station. The Walker Center is on the North East corner of 200 South and Main Street.
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