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|Event Name:||Real Estate Appraisals – Regulations, Processes, and Pitfalls|
|Date:||Friday, November 16, 2018 11:00am CST|
|Panelist(s) Info:||John Barrickman (Bio)
For 27 years, John Barrickman has served as President of New Horizons Financial Group, a financial services industry consulting firm nationally recognized as an expert in the areas of comprehensive credit risk management, credit process, loan policy formation, asset quality rating frameworks, risk based pricing and lender development. John is a frequent speaker and subject matter expert on credit policies and procedures at industry events nationwide. John is also a Consulting Associate for Capital Performance Group.
|Credits:||1.8 AAP Credits, 1.5 CPE Credits|
A key part of commercial real estate (CRE) lending is assessing the bank’s secondary source of repayment for the loan i.e. liquidation of the real estate securing the loan. The bank obtains an appraisal to independently substantiate the value of the real estate collateral supporting the loan. As a result of significant losses in the liquidation of real estate collateral in the recessions of 1989-1991 and 2007-2009, the regulators have promulgated very specific regulations and guidance governing a federally insured financial institution’s process for ordering and reviewing appraisals and evaluations.
This real estate webinar will provide an overview of regulatory expectations of the institution’s real estate appraisal process, the process itself and common pitfalls for lenders and credit administration personnel. The following topics will be addressed: