Appraisal Policy - $275.00
The purpose of this Appraisal Policy Template is to address the requirements for appraisals and evaluations made pursuant to loan activities for a bank, credit union, or other type of financial institution. The appraisal and evaluation standards incorporate current federal regulatory policy guidelines governing the procedures to obtain formal appraisals and evaluations on real estate secured loans, and the policy sets forth the frequency and content of appraisals and evaluations and describes the real estate appraisal review process.
Table of Contents
Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Independence of the Appraisal and Evaluation Program - Topic 4
Selection of Appraisers or Persons Who Perform Evaluations - Topic 5
Transactions that Require Appraisals or Evaluations - Topic 6
Appraisal Exemptions - Topic 7
Minimum Appraisal and Evaluation Standards - Topic 8
Appraisal and Evaluation Development - Topic 9
Appraisal Reports - Topic 10
Review and Analysis of Appraisals - Topic 11
Third-Party Arrangements - Topic 12
Other Evaluation Methods - Topic 13
Fee Collection - Topic 14
Regulation B Applicability - Topic 15
Regulation Z Applicability - Topic 16
Fannie Mae/Freddie Mac Applicability – Topic 17
Appraisal Management Company Requirements - Topic 18
Audit Policy - Topic 19
Staff Training - Topic 20
Retention of Documentation - Topic 21
Recent updates to this product:
Joint Release - Agencies Issue Statement Regarding the Impact of the Economic Growth, Regulatory Relief, and Consumer Protection Act
Joint Agency Release - Real Estate Appraisals
Interagency Advisory on the Availability of Appraisers
This Appraisal Policy Template (approximately 65 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.
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