Coester Appraisal Group, based in Rockville, Md., will host a free educational webinar training session on lender requirements mandated in the Dodd-Frank Act. The 45-minute webinar will be held Nov. 23 at 2:00 pm EST, and registration is available on the company's website.
According to Coester Appraisal Group, more than 132 pages of the Dodd-Frank Act are dedicated to appraisal related issues. Among the provisions are fiduciary standards, lender compensation, licensing requirements, disclosure and documentation requirements, new deadlines, and many others. The lender education session will address some of the most important appraisal-related issues within the act that pertain to lenders.
‘The Dodd-Frank Act is extensive – there are a lot of new requirements, and several of them are vague and hard to interpret,’ says Brian Coester, CEO of Coester Appraisal Group. ‘The general feedback I'm getting from lenders is that they're either confused or overwhelmed by the mass quantity of detail and information in the bill. With the increasing amount of pressure being put on lenders these days, they're hungry for answers and explanations.’
SOURCE: Coester Appraisal Group