A successful appraisal audit saves everybody money by identifying risks before they become liabilities for lenders and shareholders. In Part 1 of this series, we talked about understanding that an appraisal audit is not something to be feared – rather, it should be considered an opportunity to make more informed credit decisions. In Part 2, […] Read More
In Part 1 of this series, we discussed that the way you handle a perceived threat can be the deciding factor in surviving your commercial appraisal audit. Seeing the appraisal audit as an opportunity rather than a minefield is a proactive step that can have a positive effect on the audit itself. As you […] Read More
Three little words: “you’re being audited.” Just the idea of an appraisal audit can make your head spin, but professionals insist an audit does not have to be a negative experience. We agree. Examiners perform commercial lending appraisal audits for three core reasons: To determine if banks and other lending institutions have properly reviewed […] Read More
Compliance with commercial real estate appraisal standards is smart business for banks. In addition to saving time and money, this approach also improves morale within the financial institution. Healthy financials and a healthy work environment means happy investors and customers. Learning from Alcoa and Paul O’Neill When Paul O’Neill took over as CEO of Alcoa […]
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