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Appraisals: FIRREA and Interagency Guidelines

Approach the appraisal process with impartiality, knowledge of requirements and standards, and effective evaluation techniques. This course covers:

  • Requirements for an effective appraisals and evaluations
  • FIRREA and Interagency Appraisal and Evaluation Guidelines
  • Requirements for reviews and evaluations
  • Requirements for monitoring collateral value
  • Transactions that may be exempt from obtaining an appraisal

Duration: Approximately 50 minutes
Created: October 2018

What You'll Learn

After successfully completing this course, you will be able to:

  • Describe the requirements for an effective real estate appraisal and evaluation program
  • Identify Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and Interagency Appraisal and Evaluation Guidelines
  • Describe the requirements for reviewing appraisals and evaluations
  • Describe the requirements for monitoring collateral value
  • Identify transactions that may be exempt from obtaining an appraisal

Audience

Any bank personnel who order or review appraisals/evaluations. Loan officers, loan processors and bank employees who need a general understanding of the Interagency Appraisal and Evaluation Guidelines.

Course Credits

ABA Professional Certifications: 1.0 CLBB


​Questions? Please contact training@aba.com for more information.

 

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