Title XIV of the Dodd Frank Wall Street Reform and Consumer Protection Act calls for much-needed resources for oversight and enforcement for the appraisal profession. The new legislation requires that “reasonable and customary” fees be paid to appraisers, provides for penalties for AMCs that violate the requirements, and provides provisions to sunset the controversial HVCC by directing for the establishment of a federal appraisal independence standard.
What's on the disc:
- Adobe Flash video recording of entire presentation
- MP3 audio recording of entire presentation
- Webinar Presentation (PDF)
- Understanding the Interim Final Rule 12-page special report (PDF)
- The Dodd-Frank Act (PDF)
- The appraiser associations letter to the FRB (PDF)
- A draft of the Federal Reserve’s Interim final rule issued on Oct. 18 (PDF)
- The GAO’s status report on the Study Concerning Appraisal Methods and the HVCC (PDF)
- Dodd-Frank Appraisal FAQs (PDF)
- The Appraisal Institute Overview of the Interim Final Rule (PDF)
Appraisal Provisions: Preparing for the New Requirements includes:
- An overview of the new law’s provisions under Title XIV – Subtitle F
- Insight into the battle over “customary and reasonable fees”
- New requirements for AMCs
- Tenets of a new appraisal independence standard
- Provisions to enhance appraiser competency provisions, including clarification regarding consideration of professional appraisal designations
- Impacts of the provision for increased financial resources for oversight and enforcement of appraisal rules
- Import of separating AMC and appraisal fees on the HUD-1 Statement
- Understanding the call for a GAO study on the effectiveness of appraisal methods
Our experts provide a line-by-line review of the new provisions of Dodd-Frank Act Title XIV – Subtitle F: Appraisal Activities in Appraisal Provisions: Preparing for the New Requirements.
And now, when you order this Webinar we’ll include our newest special report: Understanding the Interim Final Rule (a $20 value) and six other great resources at no additional cost! The 12 page PDF special report outlines changes appraisers will see moving forward, highlights industry reaction and details the research gathered in creating the rule.
It’s everything you need to know about appraisal provisions and the Interim Final Rule in one convenient package!
Director of Government and External Affairs
Bill Garber is the Director of Government and External Relations for the Appraisal Institute. Bill started with the Appraisal Institute in 2000, and worked at AI until September of last year. After serving a VP for Policy and Government Relations for the International Sleep Products Association for six months, Bill returned to the Appraisal Institute in February 2008 to manage the AI Washington office.
Bill has expertise in a range of real estate issues, including residential and commercial valuation, economic development and land use, and conservation and historic preservation issues. He serves as the liaison to the Appraisal Institute’ Government Relations Committee and the AI Client Advisory Board, as well as the Treasurer of the Appraisal Institute Political Action Committee.
Bill has a B.S. degree from Oregon State University, and is currently seeking a Master’s Degree in Public Administration from Walden University.
Dave Black is the Founder and President of SharperLending LLC, a settlement services technology company that created the Appraisal Firewall platform.
Since 1989, Dave has played a leading role in a number of major mortgage technology transitions and solutions including appraisal compliance, the securing of consumer credit data, and the modernization and automation of mortgage products. Through his technology company, SharperLending was the first to offer a complete web-based mortgage credit reporting system, which has processed in excess of 100 million secure mortgage transactions to date. Dave and his company are instrumental in a number of security and compliance initiatives in the areas of credit reporting, appraisal ordering and processing, automated 4506 tax return verification processing, title and lien position processing and other services under the SharperLending settlement services and Appraisal Firewall offering.
SharperLending technologies have been processing lender appraisal orders since 2003, with Appraisal Firewall breaking out of the company’s settlement services technology into its own unique non-AMC offering in 2008.
Arnold & Porter
Beth DeSimone is counsel with Arnold & Porter, practicing out of its Washington D.C. office. She practices in the corporate and financial institutions areas and advises on all aspects of financial regulation.
Beth structures and negotiates mergers and acquisitions of, and investments in, financial services companies. She also concentrates in the consumer banking area, structuring lending and deposit programs for banks and financial services companies, including lending programs that facilitate the exportation of interest rates from one state to another.
In addition to assisting clients in resolving regulatory issues arising under mortgage and other lending activities, including those arising under the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, and the Truth in Lending Act, Beth helps clients monitor the effectiveness of their fair lending programs. She assists clients in monitoring proposed legislation and regulation and in understanding the implications of regulatory change.
Gregoire & Gregoire Inc.
Francois “Frank” Gregoire, IFA, RAA, is a second generation Realtor and appraiser and co-founder of Gregoire & Gregoire, Inc. Incorporated in 1986, the company provides valuation, expert witness, tax appeal and consulting services for a wide variety of local and national clients.
Frank has been involved in Real Estate Appraisal since 1977, is a member of the National Association of REALTORS Appraisal Section and a Designated (IFA) Member of the National Association of Independent Fee Appraisers. In addition to providing Expert Witness services for private and government clients, he is often quoted as a source for nationally syndicated real estate columnists and appears as a speaker on appraisal and mortgage related topics. He is an FHA Roster Appraiser and has over 20 years of experience in the development of appraisals for FHA Mortgage Insurance. He completed the first Master Appraisal for a proposed multi-story HUD Approved Condominium in Florida in 1990.
In February 2000, Governor Jeb Bush appointed Frank to the Florida Real Estate Appraisal Board, the regulatory agency for Florida Real Estate Appraisers. The Governor appointed him to a second term in March 2004. He served as chairman of the Florida Real Estate Appraisal Board in 2002, 2004, 2006 and 2007 and vice chairman in 2001, 2003 and 2005.
Director of Editorial Services
October Research Corporation