The regulators want financial institutions to comply with their appraisal guidance. But more importantly, the regulators intend for banks to recognize and avoid situations that create risk for their specific institution. Operational risk incorporates many of the other types of risk an institution can face. There are some conditions under which a faulty appraisal program can inflate a bank's operational risk. This webinar will look closely at those situations and options to avoid them.
WHY SHOULD YOU ATTEND?
- Banks are astute in assessing credit risk, but often underestimate the risk to the institution from lack of full compliance with the Interagency Appraisal and Evaluation Guidelines
- Most banks are not aware that inefficient and improper linkages of the appraisal function with other departments within the institution can create an added risk to the institution
- The big focus in banks is on credit risk, followed by market risk, but internal practices can also enhance risk to a bank's operation
- Many banks' compliance monitoring and risk assessment processes overlook the appraisal function
- This webinar provides context for a better understanding of operational risk and how the appraisal function may enhance or impair the soundness of an institution
AREA COVERED
1. You will be given a framework for and ideas to allow your bank to customize its ORM program.
2. You will learn:
- The impact of the appraisal function on the institution and its operational risk
- How, with an effective ORM program, the appraisal function facilitates loan production and also reduces risk
- How people play a part in successful operational risk management
- How technology can have an impact on operational risk management
- Some warning signs of poor appraisal function integration in operational risk management
LEARNING OBJECTIVES
You will learn:
- How the interagency appraisal and evaluation guidelines stress risk assessment in the appraisal program?
- The definition of operational risk and how this flows through the entire organization, including the appraisal function
- That operational risk can be managed, but not eliminated
- About ORM, discipline, and practice for managing operational risk
- The problems with retaining a more traditional system of risk discipline silos
- The importance of transparency in the ORM process
WHO WILL BENEFIT?
- CEOs and presidents of community banks
- Credit administration officers
- Chief appraisers/appraisal function managers
- Credit officers involved in the appraisal function
- Credit reviewers and other credit side personnel
- Lending group managers
- Employees tasked with elements of the appraisal function
- Banks are astute in assessing credit risk, but often underestimate the risk to the institution from lack of full compliance with the Interagency Appraisal and Evaluation Guidelines
- Most banks are not aware that inefficient and improper linkages of the appraisal function with other departments within the institution can create an added risk to the institution
- The big focus in banks is on credit risk, followed by market risk, but internal practices can also enhance risk to a bank's operation
- Many banks' compliance monitoring and risk assessment processes overlook the appraisal function
- This webinar provides context for a better understanding of operational risk and how the appraisal function may enhance or impair the soundness of an institution
1. You will be given a framework for and ideas to allow your bank to customize its ORM program.
2. You will learn:
- The impact of the appraisal function on the institution and its operational risk
- How, with an effective ORM program, the appraisal function facilitates loan production and also reduces risk
- How people play a part in successful operational risk management
- How technology can have an impact on operational risk management
- Some warning signs of poor appraisal function integration in operational risk management
You will learn:
- How the interagency appraisal and evaluation guidelines stress risk assessment in the appraisal program?
- The definition of operational risk and how this flows through the entire organization, including the appraisal function
- That operational risk can be managed, but not eliminated
- About ORM, discipline, and practice for managing operational risk
- The problems with retaining a more traditional system of risk discipline silos
- The importance of transparency in the ORM process
- CEOs and presidents of community banks
- Credit administration officers
- Chief appraisers/appraisal function managers
- Credit officers involved in the appraisal function
- Credit reviewers and other credit side personnel
- Lending group managers
- Employees tasked with elements of the appraisal function
Speaker Profile
Heidi Lee is a commercial review appraiser with 18 years of experience at Whitney National Bank, a mid-sized financial institution. Since retiring from Whitney Bank in 2011, Heidi has founded Appraisal Review and Consultation to share her skills and appraisal regulatory knowledge base with other financial institutions. Her firm offers commercial review services and appraisal policy/procedures assistance to small- and medium-sized banks across the country.She has earned the MAI and the AI-GRS designations issued by the Appraisal Institute and the MRICS designation issued by the Royal Institution of Chartered Surveyors. She holds a general appraiser certification in Louisiana and Texas …
Upcoming Webinars
Updated Metro 2®, e-OSCAR and the New Tougher FCRA/CFPB Com…
Conquer Toxic People - Learn To Protect Yourself And Get Yo…
Introduction to Generative AI for Accountants
Dealing With Difficult People In Life & Work
Surviving and Thriving Organizational Change and Loss: The …
Impact Assessment and Risk Management for Change Control
How to Write Effective Audit Observations: The Principles f…
Excel Deep Dive: Advanced Tips & Techniques – A 3-hour Work…
FDA Regulation of Artificial Intelligence/ Machine Learning
Coming Soon - New Minimum Salary Levels for Exempt Employee…
Marijuana: Compliance and Safety in the Workplace
Stressed Out: How to Handle Conflict, Difficult People and …
2025 Top Employment Regulations That Will Impact Employers!
How to Handle Workplace Conversations Around Politics and R…
Data Integrity: Compliance with 21 CFR Part 11, SaaS-Cloud,…
How to Give Corrective Feedback: The CARE Model - Eliminati…
Improving Employee Engagement & Retention Through Stay Inte…
SOPs - How to Write Them to Satisfy those Inspectors
Why EBITDA Doesn't Spell Cash Flow and What Does
Marketing to Medicare or Medicaid Beneficiaries - What You …
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Human Error Reduction Techniques for Floor Supervisors
Documenting Misconduct that Will Stand Up in Court
Tattoos, hijabs, piercings, and pink hair: The challenges …
Trial Master File (TMF)/eTMF, & FDAs Draft Guidance for Ele…
Project Management for Non-Project Managers - How to commun…
OSHA Requirements for Supervisors, Project Leaders & HR - W…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Sunshine Act Reporting - Clarification for Clinical Research
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Female to Female Hostility @Workplace: All you Need to Know
Humane Layoffs: How to Let People Go with Compassion and De…
Onboarding is NOT Orientation - How to Improve the New Empl…
Managing Toxic & Other Employees Who Have Attitude Issues
Building GMP Excellence: A Guide to Implementing Compliant …
Excel Power Skills: Master Functions, Formulas, and Macros …