Federal Financial Institution Regulatory Agencies (such as the FDIC, OCC, NCUA, et al.) are vigilant in enforcing recent federal laws, regulations and guidelines relating to lender compliance with those laws and regulations pertaining to:
- Appraiser Independence Requirements (AIRs),
- Interagency Evaluation and Appraisal Guidelines,
- Dodd-Frank Wall Street Reform and Consumer Protection Act,
- Federal Reserve’s Interim Final Rule.
Financial Institutions employ loan originators, appraisal screeners and coordinators, review appraisers and underwriters. Each employee “group” has the potential to violate these federal laws, regulations and guidelines to which lenders are being held accountable by their respective federal regulator.
Valuation Compliance Resource provides employee training for all lender employee groups to help ensure that the financial institution maintains compliance with federal laws, regulations and guidelines