The document discusses best practices for appraisal compliance audits. It provides tips for financial institutions on what examiners look for during audits, including ensuring appraisal independence, complying with regulatory guidance, and having proper policies and procedures. The document outlines potential penalties for non-compliance and provides strategies for institutions to prepare for, participate in, and follow up after an audit.
Bovill briefing - Evidencing Suitability - June 2016bovill
It’s been on the agenda for ages, and yet suitability remains the FCA’s over-riding concern in the Wealth Management and Financial Advice sectors. We’re now five years on from the 2011 ‘Dear CEO’ letter, but it’s clear from recent supervisory activity that the regulator believes the majority of client files are still failing to evidence suitability. The recent spate of s166 skilled person notices, issued in the wake of the 2015 wealth sector suitability review, are a sure sign that patience has run out.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Bovill briefing - Evidencing Suitability - June 2016bovill
It’s been on the agenda for ages, and yet suitability remains the FCA’s over-riding concern in the Wealth Management and Financial Advice sectors. We’re now five years on from the 2011 ‘Dear CEO’ letter, but it’s clear from recent supervisory activity that the regulator believes the majority of client files are still failing to evidence suitability. The recent spate of s166 skilled person notices, issued in the wake of the 2015 wealth sector suitability review, are a sure sign that patience has run out.
Key learnings of recent AQR & CCAR exercises suggest that some significant moves are required to fulfil market & regulators expectations. In this context, CH&Cie is pleased to share with you the latest developments in implementing stress testing as well as best practices
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
EDR Webinar
Presented by June Jewell, CPA, President AEC Business Solutions
November 18, 2015
Project Managers (PMs) are the key to a professional services firm’s success. Yet many firms promote technical people into roles they are not prepared or ready for. As a result, project profitability suffers and there is frustration at every level of the organization. By enabling project managers, through financial and systems training, automation, and accountability measures, the firm’s profit margins can increase substantially.
In this webinar, attendees will be able to:
-Evaluate the challenges that cause many Project Managers to struggle with project profitability
-Understand the reasons that projects go over budget
-Review the financial aspects of project management that Project Managers need to know to be successful
-Learn how technology can help Project Managers deliver more profitable projects
-Develop some best practices to help Project Managers succeed
Speaker
June R. Jewell, CPA, President AEC Business Solutions
Jewell, a thought leader and expert in AEC firm profitability, has more than 28 years of business management consulting experience, and unsurpassed knowledge of the AEC industry. In addition to this role, she is the original founder and current strategic advisor of Acuity Business Solutions, a Deltek Premier Partner and consulting firm that works with AEC firms to support business profitability through web-based enterprise management technology.
She is the Amazon best-selling author of the book “Find The Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms.” Jewell has built and run a successful consulting practice, and is a highly sought after speaker at industry events and conferences. Her past speaking engagements include AIA, ACEC, SMPS, Design and Construction Network (DCN), Society for Design Administration (SDA), Zweig Group (formerly ZweigWhite), PSMJ, ROG Growth and Ownership Conference, Project Management Institute (PMI), Deltek Insight and Business of Architecture (BOA).
Lng project risk and appraisal 2012 final 03092012HIMADRI BANERJI
LNG Terminal is the disruptive technology becoming the most popular solution for countries needing natural gas for their power, fertiliser and transport sectors. This presentation is to understand the Risk Management, Financing, and insurance issues connected with this industry
An Inside Look at the Challenges Facing Lenders and Appraisers TodayEDR
An Inside Look at the Challenges Facing Lenders and Appraisers Today
June 18, 2014 EDR Web seminar
Regulatory pressures are fundamentally impacting the way that financial institutions manage the appraisal function. Our speakers will tackle the most impactful issues for both lenders and appraisals today. An expert from the Appraisal Institute, the largest appraisal membership society in the world with 23,000+ real estate valuation experts worldwide, will share first-hand research into the challenges faced by appraisers and by lenders that rely on the technical expertise of appraisal services. Attendees will learn about the concerns commercial real estate appraisers face, and the challenges their lender clients face in finding quality appraisers to help them respond to new policies and requirements. Speakers will also share insight into the latest policies from bank regulators like the OCC and FDIC that are impacting the integration of appraisals and environmental risk management. An expert in the trenches of a small community bank will share his insights into the shifting alignment of appraisals and environmental risk management at the community bank level, the importance of having a sound policy in place and actions that banks can take to best prepare for the scrutiny of examiners.
BENEFITS TO AUDIENCE:
- Information on how appraisers can meet today’s top challenges, align their services with the challenges lender clients face
- A deeper understanding of bank regulations impacting appraisals
- An insider’s take on what bank examiners look for
- Advice on steps banks can take to protect themselves against examiner scrutiny
- A look into the forces that are bringing appraisals and environmental due diligence functions closer together
PRESENTED BY:
- Bill Garber, Director of Government and External Relations, Appraisal Institute
- Brian Ginter, Director - Executive Staff, Diversified Real Estate Consulting Network
Commercial Real Estate Appraisal: How lenders can improve their CRE appraisal...Libby Bierman
Over the past 5 years the appraisal environment has seen many changes that have caused uncertainty and confusion. Despite the positive economic environment, the appraisal management and review process is still causing issues for financial institutions of all sizes. Sageworks has invited appraisal review and valuation management experts from MountainSeed to discuss the most common issues for lenders today.
Verittas Risk Advisors, Inc - Overview of CapabilitiesGeorge Mark
Verittas Risk Advisors creates authentic business partnerships with financial institutions. The close working relationship between you and Verittas brings you industry expertise, hands-on experience of current financial services practice, and intimate ‘best practice’ knowledge.
Mitigating Regulatory Criticism of Your Bank's KYC EDD ProgramWithum
Withum and AML Partners with a number of senior Bank Secrecy Act Anti-Money Laundering compliance leaders discuss best practices in Know Your Customer program (KYC CDD EDD) regulations and also to share what their personal challenges that they have faced in their roles for KYC compliance.
Information on the five C's of credit, bankruptcy proceedings, credit policy, credit investigations, credit fraud, credit decisions, customer visits, the sales department, and the vredit department.
EDR Webinar
Presented by June Jewell, CPA, President AEC Business Solutions
November 18, 2015
Project Managers (PMs) are the key to a professional services firm’s success. Yet many firms promote technical people into roles they are not prepared or ready for. As a result, project profitability suffers and there is frustration at every level of the organization. By enabling project managers, through financial and systems training, automation, and accountability measures, the firm’s profit margins can increase substantially.
In this webinar, attendees will be able to:
-Evaluate the challenges that cause many Project Managers to struggle with project profitability
-Understand the reasons that projects go over budget
-Review the financial aspects of project management that Project Managers need to know to be successful
-Learn how technology can help Project Managers deliver more profitable projects
-Develop some best practices to help Project Managers succeed
Speaker
June R. Jewell, CPA, President AEC Business Solutions
Jewell, a thought leader and expert in AEC firm profitability, has more than 28 years of business management consulting experience, and unsurpassed knowledge of the AEC industry. In addition to this role, she is the original founder and current strategic advisor of Acuity Business Solutions, a Deltek Premier Partner and consulting firm that works with AEC firms to support business profitability through web-based enterprise management technology.
She is the Amazon best-selling author of the book “Find The Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms.” Jewell has built and run a successful consulting practice, and is a highly sought after speaker at industry events and conferences. Her past speaking engagements include AIA, ACEC, SMPS, Design and Construction Network (DCN), Society for Design Administration (SDA), Zweig Group (formerly ZweigWhite), PSMJ, ROG Growth and Ownership Conference, Project Management Institute (PMI), Deltek Insight and Business of Architecture (BOA).
Lng project risk and appraisal 2012 final 03092012HIMADRI BANERJI
LNG Terminal is the disruptive technology becoming the most popular solution for countries needing natural gas for their power, fertiliser and transport sectors. This presentation is to understand the Risk Management, Financing, and insurance issues connected with this industry
An Inside Look at the Challenges Facing Lenders and Appraisers TodayEDR
An Inside Look at the Challenges Facing Lenders and Appraisers Today
June 18, 2014 EDR Web seminar
Regulatory pressures are fundamentally impacting the way that financial institutions manage the appraisal function. Our speakers will tackle the most impactful issues for both lenders and appraisals today. An expert from the Appraisal Institute, the largest appraisal membership society in the world with 23,000+ real estate valuation experts worldwide, will share first-hand research into the challenges faced by appraisers and by lenders that rely on the technical expertise of appraisal services. Attendees will learn about the concerns commercial real estate appraisers face, and the challenges their lender clients face in finding quality appraisers to help them respond to new policies and requirements. Speakers will also share insight into the latest policies from bank regulators like the OCC and FDIC that are impacting the integration of appraisals and environmental risk management. An expert in the trenches of a small community bank will share his insights into the shifting alignment of appraisals and environmental risk management at the community bank level, the importance of having a sound policy in place and actions that banks can take to best prepare for the scrutiny of examiners.
BENEFITS TO AUDIENCE:
- Information on how appraisers can meet today’s top challenges, align their services with the challenges lender clients face
- A deeper understanding of bank regulations impacting appraisals
- An insider’s take on what bank examiners look for
- Advice on steps banks can take to protect themselves against examiner scrutiny
- A look into the forces that are bringing appraisals and environmental due diligence functions closer together
PRESENTED BY:
- Bill Garber, Director of Government and External Relations, Appraisal Institute
- Brian Ginter, Director - Executive Staff, Diversified Real Estate Consulting Network
Commercial Real Estate Appraisal: How lenders can improve their CRE appraisal...Libby Bierman
Over the past 5 years the appraisal environment has seen many changes that have caused uncertainty and confusion. Despite the positive economic environment, the appraisal management and review process is still causing issues for financial institutions of all sizes. Sageworks has invited appraisal review and valuation management experts from MountainSeed to discuss the most common issues for lenders today.
Verittas Risk Advisors, Inc - Overview of CapabilitiesGeorge Mark
Verittas Risk Advisors creates authentic business partnerships with financial institutions. The close working relationship between you and Verittas brings you industry expertise, hands-on experience of current financial services practice, and intimate ‘best practice’ knowledge.
Mitigating Regulatory Criticism of Your Bank's KYC EDD ProgramWithum
Withum and AML Partners with a number of senior Bank Secrecy Act Anti-Money Laundering compliance leaders discuss best practices in Know Your Customer program (KYC CDD EDD) regulations and also to share what their personal challenges that they have faced in their roles for KYC compliance.
An Analysis of Factors Influencing Customer Creditworthiness in the Banking S...Dr. Amarjeet Singh
This research is based on Bahraini bankers’ perception on the factors influencing customer creditworthiness in the banking sector of Kingdom of Bahrain. We consider that the research was done in the Kingdom of Bahrain which has a growing banking industry. To enhance the whole procedure of the creditworthiness, it is vital for an employer to understand the most important factors influencing customer creditworthiness. The purpose of the study was to investigate the factors influencing customers creditworthiness in the banking industry. The creditworthiness can be assessed through qualitative factors, quantitative factors and risk factors. The research was conducted through a survey, using the questionnaire as the research instrument. The respondents of the study are employees of banks across the Kingdom dealing with creditworthiness. The statistical tools used in the study are Multiple Regression Analyses and weighted mean. The researcher has found that there is significant relationship between all three factors and creditworthiness, and they don’t equally influence the creditworthiness. The research provides recommendations to banks in assessing the creditworthiness. The researcher recommended that employees must use the most effective methods such as credit scoring to conduct the analysis of creditworthiness in order to make effective decisions. Moreover, the researcher recommended that analysts should take into considerations the most effective factors in the analysis process and they must not neglect other.
Irrespective of the loan type and the size of the lending organization, every loan application must followed these stages to reach fruition. The way in which a lending organization handles the origination system is characteristic of its efficiency and its ability to adapt to the dynamics of the industry.
Similar to How Prepared Is Your Bank for an Appraisal Compliance Audit? (20)
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
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Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
2. v Speaker qualifications
v Who are “Examiners”? (Good Cop, Bad Cop)
v What are Examiners looking for?
v Costs of Non-Compliance (Examples)
v Best Practice Tips
v Prior to Audit
v During Audit
v Post Audit
2
3. Commercial, Residential - Appraiser, Reviewer
§ 30+ years mostly with lenders
§ Senior Appraiser at small and too-big-to-fail lending institutions
§ Chief Appraiser (2x) at small to mid-size banks
§ Managed appraisal, environmental, seismic policies & procedures
§ Managed up to 150 vendors (appraisers, reviewers, RIMS, CoStar)
§ SME - Nationally known by peers, vendors, bankers, examiners
§ Education: Bach. Sci. in RE Finance + MBA (honors)
§ Certified General Appraiser (CA)
§ MAI, SRPA, SRA
§ Appraisal Institute, RMA CART, CRN, Chief Appraiser Groups
3
5. Webinar builds on EDR Insight articles
“How to Survive an Appraisal Compliance Audit” and
“Is Your Appraisal Compliance Manual Up To Par?”
o Additional Best Practices
o Appraisal Compliance Focus (excl. Environmental)
o Updated Regulator Tips
(Attendees will get links to these articles after this webinar)
5
6. Old days = “Bad Cop” impression
} Fear of talking to examiners – internal and external
◦ Might criticize if we do/say something wrong, OR
◦ Might “hit tail-light” (dig deeper, find concerns), then criticize
} Regulators were unknown, or only looking to criticize
6
7. Now = “Good Cop” emerging
} Regulators encourage lenders to seek them out for advice
or interpretation of regs/laws (offer guidance)
◦ “Safety and Soundness” guidance available, albeit usually vague
} Will respond to actual or hypothetical Q’s
} Share common findings and “best practices” tips
v Still tough on high risk takers and willing non-compliance
7
8. Must-Have Resources
§ FIRREA Title XI and USPAP (1989)
§ Interagency Guidelines for Real Estate Lending
Policies (1992)
§ Interagency Appraisal & Evaluation Guidelines
(1994, 2010)
§ Financial Information Letters (FILs, when issued)
§ OCC CRE Lending Handbook (2013)
8
9. Should-Have Resources
§ FDIC Guidance for Managing 3rd Party Risk (2008)
§ FRB Managing Outsourcing Risks (2013)
§ OCC 3rd Party Relationships Guidance (2013)
§ Other Supervisory guidance…
§ FDIC, OCC, FRB, NCUA, GSEs, CFPB, SBA, AI Guide Notes, etc.
Ø Peer Networking for audit-approved “best practices”
Ø Prior exam comments, recommendations
9
10. v Safe and Sound lending and banking practices:
ü High-Risk Banking Practices (Operations, CRA)
ü High-Risk Lending, Credit Practices
ü Compliance Risk Practices:
ü Appraiser Independence
ü Consistency with Regulatory Guidance (FFIRA; FIRREA)
ü Consistency with Policies, Procedures, Exceptions (Institution)
ü Fair Lending Practices – regardless of intent
ü IA&EG, USPAP, Dodd-Frank, Sarbanes-Oxley, ECOA, Privacy Act…
v ANYTHING that puts DEPOSITERS AT RISK
(or taxpayers)
10
11. Appraisal Process must be INDEPENDENT:
} Not subordinate to lending or credit operations
◦ Align under Compliance Risk or Risk Management
(larger lenders)
} Not tied in any way to lender or credit officer
who has accept/decline vote or influence
} Small or Rural Institutions: Prudent safeguards
must isolate collateral valuation from loan
production influence or interference
11
12. Ø Staffing and Vendors
Examiners will review steps taken by an institution to
ensure that persons who perform the institution’s
appraisals and evaluations are qualified, competent,
and not subject to conflicts of interest.
12
14. “An institution’s real estate appraisal and
evaluation policies and procedures will be
reviewed as part of the examination of the
institution’s overall real estate-related activities.
“Examiners will consider the size and the nature
of an institution’s real estate-related activities
when assessing the appropriateness of its
program.” (IA&EG)
14
15. High Risk:
} CRE Construction Lending based on proposed,
“subject to”, or hypothetical appraised values
Ø Recognize, understand:
q “subject to completion”,
q “as if complete”,
q “hypothetical”,
q “subject to stabilization”
q similar terms…
…indicate the value is not yet real, or value is
hypothetical and may never actually occur.
15
16. High Risk: (FDIC OIG, Comprehensive Study on the Impact of the
Failure of Insured Depository Institutions Report EVAL-13-002; 2013)
• Most common cited violations in bank failures:
• Failure to obtain required appraisal or evaluation
• Failure to achieve minimum appraisal standards
• Failure to obtain appraiser with required independence or
competency
16
17. High Risk:
• Most bank failures were smaller banks (FDIC OIG; 2013)
• Risk Exposure = Deciding factor on L-T soundness
and ability to withstand economic downturns or cycles
• Repeat Violations – 75% of failed banks were
previously cited for: (AI Material Loss Reports, Regulatory Impact
on Consumers and Business; 2012)
• Various appraisal violations
• Failing to obtain appraisals where required
• Insufficient bank resources to manage, oversee appraisal function
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18. KEYS to Risk Mitigation:
} Loan structuring
} Managing all types of risk exposure, tolerance
} Appraisal process independence
} “As Is” Value required for all FRTs
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20. Non-compliance with…“Agencies’ appraisal
regulations or to maintain a sound appraisal
and evaluation program consistent with
supervisory guidance will be cited in
supervisory letters or examination reports and
may be criticized for unsafe and unsound
banking practices. Deficiencies will require
appropriate corrective action.” (IA&EG)
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21. Actual criticism of a bank from recent US DOJ civil fraud case:
“Citigroup Settles Mortgage Probe, Pays Record Penalty” (AI ANO, 7/16/14)
US DOJ criticism:
• “Despite Citigroup learned of serious and widespread defects
among the increasingly risky loans they were securitizing, the bank
and its employees concealed these defects.” (US AG Holder; Reuters; AI ANO)
• Citi knew “significant percentages” of securitized loans did not
comply with underwriting guidelines but pooled anyway.
Penalty:
• $7 BILLION – largest civil fraud penalty ever levied by USDOJ
“Penalty is appropriate, given the strength of the evidence of the
wrongdoing by Citi” (US AG Holder; Reuters; AI ANO)
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22. Actual criticism of a bank from recent FRB Exam:
} BPOs ordered for loan monitoring by lenders = Unacceptable
FRB criticism:
• BPOs are acceptable for loan monitoring, with restrictions:
• Must be ordered independent of loan production.
• Price advocacy of BPO preparers may create bias:
• Vendor selection must avoid bias and promise of future work.
• BPOs must be reviewed and scrutinized
• although there are no BPO compliance standards (odd request IMO)
• Bank told to redo all BPOs w/appraisals or evaluations,
independent of loan production.
No penalty initially, but must fix and not repeat by next audit.
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23. FIRREA Violation Penalties:
} 1st Tier – simple violation
◦ Up to $5k/day until resolved
} 2nd Tier – recklessly unsafe, unsound; pattern of
misconduct; causes loss to institution; insider gain
◦ Up to $25k/day until resolved
} 3rd Tier – knowingly engages unsafe and unsound
practices; causes substantial loss or insider gain
◦ Up to $1MM/day (person), and/or
◦ Up to $1MM or 1% of total assets, per day (institution)
Mitigants considered: Size of financial resources, good
faith, gravity of violation, history (prior violations)…
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24. } Retain a 3rd party or independent staff auditor,
for pre-exam evaluation to identify areas of
weakness to be improved prior to arrival
} Make available all policies, procedures and as
much quantifiable data as possible to
demonstrate institution’s commitment to safe
and sound risk management principles
◦ Be ORGANIZED and CONSISTENT
◦ Work WITH Regulators, not against them – save time
and money in covering trails, quickly digging up
exceptions, and backdating compliance efforts…do it
right the first time.
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25. Document, Document, Document!!!
q Document “notes to file” for each assignment:
• Why you selected a certain vendor for each job.
• Vendor Ratings, Qualifications, Competency, Approved List
• Why you varied from policy or procedure
• Exceptions - How you notified the institution of variance
• Appraisal report or process deficiencies found
• How deficiencies were resolved, corrected, or
deemed nominal impact on value or compliance
• Paper trail (electronic okay)
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26. Document, Document, Document!!!
q Time, Date, and Details for verbal discussions.
q Good practice to follow-up phone calls with email summary.
q Email or “cc” yourself (Note to File) any/all supporting
comments and correspondence as back-up actions.
q If asked why you did an action, “Notes to File” will
establish audit trail:
ü You recognized issues,
ü You acted correctly, and
ü You documented facts.
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27. FILE MGMT PLATFORMS
- RIMS (ExactBid)
- Lender Portal (EDR)
- FNC
- YouConnect (Realwired)
- AppraisalTrac
- Other platforms (new or in development)
- Proprietary (lender’s custom platform)
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28. FILE MGMT PLATFORMS
v IT Security (potentially high risk vendor)
ü Encrypted secured transmission of NPPI - privacy
o Job Manager must control “need to know” distribution
ü Time, Date & User stamp all actions
ü Offsite redundant back-up systems
o Minimal down time, data loss
v Access (independence; controlled, limited
authority)
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29. FILE MGMT PLATFORMS
v Reports (audit-assisting data output)
ü Electronic storage for most exam-requested docs
o Appraisal, Review, Title, Leases, Sale docs, etc.
ü Output reports – vendor activity & ratings, related
transactions, concentrations, etc.
ü Shift to paperless file storage (pdf, doc, xls,…)
o Examiners may request e-docs or paper docs
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31. Ø Always tell the truth
Ø Be concise - answer questions in as few
words as possible, like legal testimony
§ Do not provide ammo to be used against you
§ Do not hide discoverable facts
Ø If you do not know or are unsure of an
answer, say “I do not know“ or “I cannot
recall” … then be quiet
§ If Examiner asks for add’l research, do it right away
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32. v Do not be intimidated by silence of
interviewing examiners
§ Do not fill in empty space … stay quiet
v If deficiencies are discovered, take remedial
action in a timely manner
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33. q Do not merely focus on regulatory compliance or
appearance of regulatory compliance, focus on how
to leverage these functions to improve earnings
reliability, reduce losses and reduce loss severity.
q Focus on long-term sustainable earnings, not short-
term fee income as a means to achieve long-term
financial stability and earnings reliability.
} Goal of the bank should be to make informed
decisions, “eyes wide open”.
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34. “Institution should not directly or indirectly
coerce, influence, or otherwise encourage an
appraiser or a person who performs an
evaluation to misstate or misrepresent the
value of the property.”
(IA⪚ also related state and federal laws)
} Appraisal Independence – it’s the law.
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35. “As part of the credit approval process and prior
to a final credit decision, an institution should
review appraisals and evaluations to ensure that
they comply with the Agencies’ appraisal
regulations and are consistent with supervisory
guidance and its own internal policies.
“Determine whether the methods, assumptions,
and value conclusions are reasonable. “ (IA&EG)
} Appraisal Review = a compliance and prudent
risk management function.
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36. Ø Vendor Selection – characteristics and complexity
of each assignment…not faster & cheaper
• Right Vendor for the Right Job
Ø Vendor Relationship – document experience
◦ Regulatory compliance, consistency
◦ Job performance standards – need for corrections
◦ Competency, license status, areas of expertise
◦ Attempt to validate vendor’s own diversity, privacy,
and other legal practices (“Know Your Vendor”)
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37. } Using unqualified or underqualified people to detect
risks harms the institution
} Ineffective Appraisal, Review and Collateral Risk
programs contribute to and amplify losses
} Paying more to obtain and retain higher qualified
internal talent to review appraisals has proven to be
cost justifiable over time (various statistical studies)
} Civil Litigation risk may dwarf “Regulatory Risk”
◦ Competent Appraisal, Review, and Collateral Risk managers
and programs are best defense in mitigating risk exposure
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38. Program Compliance (IA&EG 2010)
ü Policy: Create system to ensure appraisals, evaluations
provide credible market values
ü Policy: IA&EG, USPAP compliant; Regulator Guidance
alignment
ü Policy: Independence from loan production influence
§ Internal and External
ü Procedure: Vendor competency assurance
§ Right appraiser for the assignment; Verify credentials
ü Procedure: Valuation review process
ü Procedure: Vendor selection based on prior experience
ü Procedure: Report, repair deficiencies in timely manner
v Avoid practices inconsistent with policies, procedures
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39. } Do not dispute with Examiners
◦ May inflame the situation
◦ May appear institution is in denial on problems, challenges
◦ May trigger “Bad Cop”
◦ Example: Assumption vs Extraordinary Assumption …best to
accept minor criticism than spark undesirable debate
} Develop a corrective action plan and demonstrate factual,
tangible steps taken to address findings and concerns.
Senior FDIC Examiner…”I expect bankers to challenge
examiners if they think their process is okay. Just be
professional.”
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40. } If in doubt, ask your Regulator (authority)
◦ “Good Cop” will help you be “Good Bank”
◦ Do not back yourself into a corner with your policies
} DOCUMENT, DOCUMENT, DOCUMENT
◦ Everything in writing (paper or electronic)
◦ Paper trails can be your best friend in an exam
} Always work with an expert
◦ Use an expert, NOT faster & cheaper
◦ Know Your Vendors
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