Transcription of SR 10-16 Attachment: Interagency Appraisal and …
1 Interagency Appraisal and Evaluation Guidelines (December 2, 2010) [Page Break] Page i Interagency Appraisal and Evaluation Guidelines Table of Contents I. Purpose 1 II. Background 1 III.
2 Supervisory Policy 2 IV. Appraisal and Evaluation Program 2 V. Independence of the Appraisal and Evaluation Program 3 VI.
3 Selection of Appraisers or Persons Who Perform Evaluations 5 A. Approved Appraiser List 6 B. Engagement Letters 6 VII.
4 Transactions That Require Appraisals 7 VIII. Minimum Appraisal Standards 7 IX. Appraisal Development 10 X.
5 Appraisal Reports 10 XI. Transactions That Require Evaluations 11 XII. Evaluation Development 12 XIII.
6 Evaluation Content 13 XIV. Validity of Appraisals and Evaluations 14 XV. Reviewing Appraisals and Evaluations 15 A.
7 Reviewer Qualifications 16 B. Depth of Review 16 C. Resolution of Deficiencies 18 D.
8 Documentation of the Review 18 [Page Break] Page ii XVI. Third Party Arrangements 18 XVII. Program Compliance 20 A.
9 Monitoring Collateral Values 20 B. Portfolio Collateral Risk 21 C. Modifications and Workouts of Existing Credits 22 XVIII.
10 Referrals 23 Appendix A, Appraisal Exemptions 24 Appendix B, Evaluations Based on Analytical Methods and Technological Tools 31 Appendix C, Deductions and Discounts 36 Appendix D, Glossary of Terms 39 [Page Break] Interagency Appraisal and Evaluation Guidelines Page 1 of 45 I.
