Appraisal and Evaluation Compliance


Hybrid Event  
Tuesday, August 06, 2024 9:00 AM - 4:00 PM   iCalendar Central Standard Time

Hybrid Delivery Options (select your preference when registering)
IBA Center for Banking Excellence, Springfield OR Live Streamed via Zoom
9:00 a.m. to 4:00 p.m. CT

This session lays the foundation for risk management and is essential to anyone involved in the appraisal and/or evaluation function at a bank, whether they are actively ordering/managing/reviewing appraisals, performing/ordering evaluations, or involved in real estate lending risk management. You will be updated on current regulations and agency guidance, including state laws on evaluations and AMCs. It will focus on the significant topics of today, including Reconsideration of Value and Bias in the Appraisal Process, in addition to discussing hot topics with examiners.

Federal Laws and Agency Guidance

  • EGRPRA
  • PAVE Task Force – Appraisal BIAS
  • Reconsideration of Value (ROV)

State Regulations

  • Appraiser Certification Law
  • Are evaluations allowed?
  • Who can perform evaluations?

Appraisal Exemptions

  • Evaluations vs. Appraisals
  • Abundance of Caution
  • Appraisal Validations (data resources)

GSE rules and recent form changes

  • Waivers
  • Inspections
  • ANSI Measurement Requirements

The Appraisal Foundation Document Changes

  • USPAP 2024
  • Real Property Appraiser Qualification Criteria

Policy and Procedure Development

  • Engagement letters
  • Review forms
  • Risk Breakpoints
  • Solutions!

Hot Topics for Regulators

Audience This program is a must for anyone involved in a bank's appraisal/evaluation function, whether they are actively ordering/managing/reviewing appraisals, performing/ordering evaluations, or engaged in real estate lending risk management. Appraisal Dept. members, evaluators, compliance officers, risk managers, and underwriters must know the rules and guidance. Lenders may want to attend so they, too, can understand the appraisal function and learn what product is needed, what level of review is required, and what examiners are looking for when they review the appraisal and evaluation function. 

Facilitator
Cheryl Bonnaffons Bella, MAI, AI-GRS, AQB Certified USPAP Instructor, is a certified appraiser who actively works in the banking industry as an appraisal compliance consultant.  She established and managed appraisal departments for various financial institutions and now consults with national banks on appraisal regulatory compliance, department structure, and policy and procedure development. Cheryl's 
financial institution experience includes serving as Vice President of Bank One Corporation, Appraisal Manager at Hancock Bank, and Vice President of First Commerce Corporation. She participated in due diligence analysis as part of bank acquisitions, wrote Corporate-wide appraisal policies and procedures, and authored lender training classes and manuals. Cheryl also authored and instructed annual banking compliance seminars for various state banking associations and individual financial institutions and teaches various appraisal and real estate agent seminars and webinars, including presentations for the Appraisal Institute and American Society of Appraisals national conferences. Cheryl also teaches the Understanding and Interpreting Real Estate appraisals for the Risk Management Association and annually participates in Chief Appraiser Roundtables. Cheryl is the chief compliance officer for a risk management program, FICRAS (Financial Institution Complete Risk Aversion Solution), used by banks nationwide. 

Continuing Education
Pending Review

Fee Per Person
Member $265

Nonmember $445

Hybrid Event  

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