CHICAGO (July 10, 2007) – 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 firstname.lastname@example.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.