This Appraisal Standards online training course provides you with an in-depth look at the regulatory agencies' appraisal standards. Appraisal standards and regulations help banks financial institutions avoid losses due to overvalued real estate. This course will provide compliance officers with a complete guide to the appraisal standards they need to ensure are in place at their banks.
The purpose of the FED’s Regulation Y and the OCC, FDIC, and OTS appraisal regulations is to ensure that real estate appraisals are performed by competent appraisers in accordance with uniform standards. The goal is to strengthen real estate loans and investments by assuring that the appraisal values used in lending decisions are reliable. The appraisal regulations are designed to help financial institutions avoid losses resulting from overvalued real estate collateral. They apply to certain real estate transactions involving institutions whose deposits are insured by the federal government.
Course Learning Objectives
By taking this online Appraisals Standards course, the user will learn:
- Ensure proper policies and procedures regarding real estate appraisal are in place at your bank
- Discuss the difference between state-certified and state-licensed appraisers
- Ensure the appraisers your bank employs have the necessary qualifications
Course Outline
This online Appraisals Standards course is made up of the following sections:
- Background
- Administration
- Transactions Requiring Appraisals
- Appraisers
- Other Real Estate Appraisal Requirements
Course Audience
This Appraisals Standards online training course was designed for compliance officers and employees overseeing real estate transactions.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.
