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:
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.