The word “routine” can sometimes imply, for lack of a better word, boring activities. There’s your morning routine, a routine dental procedure, and a routine engine check – among other routine things. You might find that people associate routines with habitual patterns that become almost like muscle memory; a routine that has become so regular […]
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We all know that estimating market value for commercial and residential real estate can be quite complex—but what about machinery and equipment valuation? If you’re in the market for a large piece of equipment or machinery, it’s paramount that you work with an equipment appraiser in your niche industry who really understands what you do […]
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Does your appraisal department create more liability? The most recent overtime lawsuit settlements might show you where your risks lie. When the FLSA enacted new overtime regulations back in December 2016, the new requirements were called “the most significant change in the economy in a decade.”Qualifying more than four million workers for overtime throughout the […]
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While historically banks focused just on the appraisal, in the past decade, the appraisal review has become a more significant part of the appraisal process. At its core, an appraisal review is used to investigate, analyze, and verify the logic and procedures of an appraisal. Not only does a review ensure appraisals are prepared completely […]
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Long gone are the days when Artificial Intelligence (AI) was a thing of Science Fiction movies and television shows. Today, AI aids with day-to-day activities including everything from decision making to speech recognition. In fact, chances are you know someone – maybe even yourself – who has these AI items already installed in their home […]
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Whether you are the borrower, appraiser, lender, or the AMC—it pays to know just who is responsible for appraisal fees in real estate transactions. Because there are so many parties involved, it’s not always intuitive and many times not all of the parties involved in the transaction are on the same page regarding payment arrangements […]
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While the Equal Credit Opportunities Act and the compliance guidelines associated with them aren’t exactly new rules (they were implemented in 2013), we have a feeling navigating them is a little tricky. Let’s start with a short history lesson: ECOA was originally implemented in 1974 to prohibit creditors from discriminating due to race, religion, ethnicity, […]
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Ever wonder if you’ve created the most effective environmental policy for your financial institution? Furthermore, how do you execute that policy to ensure you’re not taking on too much risk? Great questions! That’s why we’ve called in the experts to show you how to create a sustainable policy and procedures you can put into practice […]
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Christina Pocrnich of City National Bank wears a lot of hats. As the point of contact for all CRE loans for over 25 lenders and 86 branches across 5 states, Christina has many responsibilities. In addition to being a point person, Christina also holds the titles of VP, Appraisal Manager, and Credit Policy Officer. “I […]
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The temperatures are rising, the pollen is back, and tax season is nearly here. Those three events can only mean one thing: Q1 is coming to a close! This quarter, we’re sharing the latest from the OCC, as well as what you need to know about the most recent financial news and changes in risk […]
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