The Rules Have Changed

Federal bank, thrift and credit union regulatory agencies recently released new guidelines that reaffirm supervisory expectations for sound real estate appraisal and evaluation practices.

The principal elements of the "Interagency Appraisal and Evaluation Guidelines" (released December 2, 2010) include guidance for ensuring independence, individual competency, value development and reporting standards and an institutions’ collateral review function.

The guidelines also provide guidance and expectations for risk management principles and control measures for institutions’ appraisal and evaluation programs.

To meet current and proposed regulations, many lenders outsourced their ‘collateral valuation program’ later to regret negative service experiences.

Others set up costly in-house structures, which often still fail to satisfy the burdens of appraiser independence and requisite competence for valuations engagement and review.

Count on AppraisalBridge™ for reliable guidance today and for the years ahead.

Leadership

"We deliver an uncommon mix of expertise and technology to ensure our clients win in the arena of collateral risk. Beyond compliance - we're reinventing valuation process management to exceed regulatory guidelines, while also improving operational flow and collateral risk exposure for our clients."

Mark H Maschger, SRA
Chief Executive Officer

Maschger served a major national bank as an appraisal management executive. In this role he managed staff, third-party vendors and appraisal management companies working within a multi-state footprint and in support of company goals for customer care, expense management and risk mitigation.

AppraisalBridge, LLC
200 NE Missouri Road
Suite 200
Lee's Summit, MO 64086

888-778-4442 Phone
888-778-4447 Fax
info@AppraisalBridge.com