Understanding and Interpreting Real Estate Appraisals

Past Event

Understanding and Interpreting Real Estate Appraisals

Learn Understanding and Interpreting Real Estate Appraisals to use appraisals as one of many tools to help make intelligent lending and credit decisions.

Course Overview:
Understanding and Interpreting Real Estate Appraisals introduces you to the issues involved in ordering and reviewing real estate appraisals. Explore terminology, methods, regulations, and review of appraisal for lending purposes. Learn about appraisal methods and techniques, including the three approaches to value: cost, sales comparison, and income. You will also get an introduction to the appraisal review process based on appraisal requirements and best practices.

Who will benefit?
Bank staff who order and review appraisals, underwriters, lenders, and credit administration professionals who need to make sound decisions based on the value of the collateral taken in conjunction with real estate lending.

You will:

  • Identify the requirements for appraisals: bank appraisal regulations and guidelines, independence issues, introduction to Uniform Standards of Professional Appraisal Practice (USPAP).
  • Identify the steps needed to order an appraisal, plus considerations in selecting and engaging an appraiser.
  • Recognize the basic components of appraisal compliance: minimum appraisal standards, reporting requirements, and compliance checklist.
  • Recognize the analytical steps in the valuation process used in appraisals: market and property analysis, highest and best use, and valuation approaches, methods, and techniques.
  • Determine the rationale for and identify the process used in the cost, sales comparison, and income approaches to value.
  • Identify appraisal review issues in the application of the sales comparison approach.
  • Identify review issues in the analysis of income and expense and the selection of the capitalization rate in the income approach to value.
  • Identify common errors in appraisals (residential and commercial) and how to communicate with the appraiser during the review process.



Friday, Feb 22, 2019


8:30 am - 5:00 pm