Program Description:
Commercial loans secured by real estate constitute the largest and riskiest category of specialized loans in a financial institution’s portfolio. In the current environment of rising interest rates, appraisal values of properties are going down thus placing additional risk on the institution. Regulators are aware of these conditions and are placing more emphasis on evaluating an institution’s appraisal process.
This seminar provides a comprehensive evaluation of the commercial real estate appraisal process and the relevant regulatory guidelines and appraisal industry standards; examines the components of the Scope of Work rule effective July 1, 2006 and the “Appraisal Regulations and Interagency Statement on Independent Appraisal and Evaluation Functions”; and uses case studies to reinforce the principles presented.
What You Will Learn:
- The components, practices and methods of the appraisal function
- How to assess the risk in the real estate appraisal process
- Ideas to implement the new procedure under the Scope of Work rule
- Industry “best practices” as well as regulatory guidelines communicated in the interagency statement of March 22, 2005
Who Should Attend:
This seminar is targeted to individuals starting a career in commercial real estate (entry to 3 years experience) and will benefit: Commercial Real Estate Lenders, Commercial Lenders, Credit Analysts, Loan Documentation Staff, Compliance Officers, Loan Support Staff and Loan Review, and anyone needing a review. This is also and excellent primer for the Residential Lender.
Presenter:
Mark Tyrpin is senior vice-president for First Federal Bank in Quincy, IL. He has 18 years of banking experience including commercial lending, commercial real estate lending, loan rehabilitation and workouts. Prior to that, Mark was an investment banker for five years, specializing in municipal finance and trading. He teaches economics classes at area community colleges and conducts seminars on lending throughout the Midwest.
Registration Information:
Fax or mail this registration form, or register online, by March 16, 2007.
Make checks payable to Center for Financial Training (CFT). Withdrawals made prior to the registration deadline will receive a full refund or a credit toward a future CFT seminar. Withdrawals made after the registration deadline will not receive a refund or a credit. Substitutions may be made at any time. No-shows will be charged the full amount.
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