August 21 Teleconference to Address Effective Banker-Appraiser Communication
CHICAGO,
IL - To avoid the pitfalls that can result from
imprecise communication between lenders and real
estate appraisers, the Appraisal Institute and
the American Bankers Association (ABA) will jointly
host a two-hour teleconference on Tuesday, August
21 from 2-4 p.m. (ET). Titled “Effective Banker-Appraiser
Communication,” the program will feature a panel
of experts from across the lending industry. The
topics to be discussed include:
- Appraiser independence and how to facilitate
communication that is in keeping with bank regulations
and the Uniform Standards of Professional Appraisal
Practice (USPAP)
- How recent laws and guidance on appraisal independence
have affected banker-appraiser relationships
- Best practices for the use of approved appraiser/lender
lists and exclusionary appraiser/lender lists
- How the latest regulatory and USPAP changes
affect lenders and appraisers
The program will place special emphasis on factors
that lead to communication breakdowns and how
those breakdowns contribute to misunderstandings,
unmet expectations and even discontinued relationships.
Intended for all licensed and certified appraisers
as well as all lenders, the briefing will feature
panelists John C. Rasmus, senior counsel for the
ABA; Gregory Accetta, chair of the Appraisal Standards
Board; Jim Amorin, MAI, SRA, vice president of
the Appraisal Institute; Steve Castellanos, MAI,
SRA, vice president/chief appraiser, Bank of Stockton
(Stockton, Calif.); Tim Reiter, MAI, senior vice
president, credit officer, Citizens Bank (Boston,
Mass.); and representatives from the federal bank
regulatory agencies, who have been invited to
answer any compliance questions. Following discussions,
participants will have the opportunity to partake
in a question and answer session.
“Effective communication is vital to the success
of every business relationship, and especially
in the relationship between appraisers and bankers,
where critical information is delivered beginning
with the initial engagement through the final
opinion of value presented in the appraisal report,”
said Terry Dunkin, MAI, SRA, president of the
Appraisal Institute. “We are very excited to be
hosting this joint telephone briefing with the
ABA.”
Registration for the program is $385 per site
license; $255 per site license for Appraisal Institute
members. Each site license is open to an unlimited
number of listeners. In addition, Appraisal Institute
members participating in the teleconference will
earn two hours of Appraisal Institute continuing
education credit. To register, please visit www.aba.com/teleweb/tb082107.htm
or call 800-775-7654.
For more information contact Bill Garber, Director
of Government Affairs of the Appraisal Institute
at 202-298-5586, or e-mail bgarber@appraisalinstitute.org.
The Appraisal Institute is a global membership
association of professional real estate appraisers,
with 22,000 members and 92 chapters throughout
the world. Organized in 1932, its mission is to
support and advance its members as the choice
for real estate solutions and uphold professional
credentials, standards of professional practice
and ethics consistent with the public good. Members
of the Appraisal Institute benefit from an array
of professional education and advocacy programs,
and may hold the prestigious MAI, SRPA and SRA
designations. For more information on
the Appraisal Institute visit www.appraisalinstitute.org.
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