2019 - Appraisal Function: What Many Banks Get Wrong

Focus on the most important elements of the appraisal regulations that foster safety and soundness and improves the institutions’ regulatory compliance
Best practices for integration of the Interagency Appraisal and Evaluation Guidelines into an institution’s appraisal policy and practices
When it comes to the appraisal function, knowing what not to do is as important as knowing what to do
Customization is possible: ways to implement a regulatory compliant appraisal function specific to your corporate culture, asset size, and footprint
Outline and stress the importance of a risk-based decision process within the appraisal function that is uninfluenced by other departments
Commitment to an effective appraisal function must start at the top and be appropriately integrated into the entire lending function and credit side oversight