Understanding and Interpreting Real Estate Appraisals
List Price
$745
Member Price
$495
Event Id:
673929088
Product code:
304317-19
Format:
1 Day Training Event
Date:
3/22/2019 - 3/22/2019
Elements of the appraisal that are key to sound lending decisions.
March 22, 2019- San Antonio, TX
Registration Fees
| Members | $495 |
|---|---|
| Nonmembers | $745 |
Members qualify for savings.
Log in to see if you qualify for a lower rate, or become a member to save as much as $250 or more.
Item Details
Learn to use appraisals as one of many tools to help make intelligent lending and credit decisions.
Course Overview
Understanding and Interpreting Real Estate Appraisals introduces you to the issues involved in ordering and reviewing real estate appraisals. Explore terminology, methods, regulations, and review of appraisal for lending purposes. Learn about appraisal methods and techniques, including the three approaches to value: cost, sales comparison, and income. You will also get an introduction to the appraisal review process based on appraisal requirements and best practices.
Who will benefit?
Bank staff who order and review appraisals, underwriters, lenders, and credit administration professionals who need to make sound decisions based on the value of the collateral taken in conjunction with real estate lending.
You will:
· Identify the requirements for appraisals: bank appraisal regulations and guidelines, independence issues, introduction to Uniform Standards of Professional Appraisal Practice (USPAP).
· Identify the steps needed to order an appraisal, plus considerations in selecting and engaging an appraiser.
· Recognize the basic components of appraisal compliance: minimum appraisal standards, reporting requirements, and compliance checklist.
· Recognize the analytical steps in the valuation process used in appraisals: market and property analysis, highest and best use, and valuation approaches, methods, and techniques.
· Determine the rationale for and identify the process used in the cost, sales comparison, and income approaches to value.
· Identify appraisal review issues in the application of the sales comparison approach.
· Identify review issues in the analysis of income and expense and the selection of the capitalization rate in the income approach to value.
· Identify common errors in appraisals (residential and commercial) and how to communicate with the appraiser during the review process.
IMPORTANT: Once you register, you will receive a confirmation email. Please contact Customer Care, 1-800-677-7621 or registrar@rmahq.org if you don't receive the email within one business day.