2009 is going to be the year of massive changes to the real estate and banking industry. This class will provide an overview of the laws passed between July of 2008 through May of 2009 and how they impact the banking industry and how banks and mortgage brokers interact with real estate appraisers. Backing up these new laws are the new audit guidelines for the banks. If it’s all confusing, then this class is the place to start. This class was provided to bankers across the US and it’s perfect for the appraiser if they are providing appraisals to the banks. Know what you, the appraiser are going to be asked……before your client starts asking for it.
Course Objectives
1. Overview of the new laws
2. Which sections impact lending and appraising
3. What changes your bank must make to stay on the right side of the law and audit
4. Where and what the auditors will looking for
5. How to step up your QC departments
6. What new information your written guidelines must have regarding appraisals