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Flagship Bank Minnesota

 
 
Performance Appraisal guideline
Contributed by:VP‚ Back Office/Deposit Operations
Asset size: Bank with under $250m
Location: Midwest
Description: We have used this format for several years and it has worked for management. It is good to have a format that can be defined for each individual, but also laid out the same for ease of use. You can add as many job descriptions as necessary without having to recreate the entire document.

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MORE PEER CONTRIBUTED DOCUMENTS:

27 Documents 24 Answers 21 Exam Watches 8 Vendor Reviews

Appraisal Policy
Asset size: with between $250m - $500m
Description: This is a policy that addresses policy and procedures when dealing with appraisals and review appraisals.
Appraisal Policy
Asset size: with between $500m - $1b
Description: This Appraisal Policy is four pages long and is an addendum to the Bank's Loan Policy. It was written by the Senior Asset Manager and incorporates the 12/2/10 Interagency Guidelines. The Appraisal Policy has been reviewed by FDIC examiners.
Residential 1-4 Family Appraisal Engagement Letter
Asset size: with between $250m - $500m
Description: Residential Appraisal Engagement Letter 1-4 Family


RELATED QUESTIONS AND ANSWERS:
Q
Appraisal Policy
Asked by: VP,‚ Lending/Credit/Loan Admin
Asset size: Bank with
Location:IL

Can you use internally, a drive by appraisal/ tax assessment value for residental loans up to $250,000. Our plans are to state in our internal residentail real estate loans to use the above mentioned methods along with a recent old appraisal for loan to value ratio's under 60% or small loan requests. The drive-by would be completed by someone not associated with the loan. We have another officer who stated we must now get a state certified appraisal for all requests. Please let me know. Thank you Mike
A
Answered by:Manager, ‚ Audit
Asset size: Bank with between $500m - $1b
Location: NH

We use a tax assessment as a substitute for appraisals on smaller [less than $100,000] lo...
Q
Updated Appraisal Requirements
Asked by: Manager,‚ Lending/Credit/Loan Admin
Asset size: Bank with
Location:WI

The Interagency Appraisal and Evaluation Guidelines require banks to establish criteria for assessing whether an existing appraisal continues to reflect the market value of a property. One of the factors that is provided for consideration is the passage of time. It is given that a large number of factors can affect the value other than the passage of time, but this tends to be a standard point of reference for lending and credit risk management staff. In order to provide a simple benchmark, what could be generally considered an acceptable shelf life for an appraisal report?


A
Answered by:CCO, ‚ Lending/Credit/Loan Admin
Asset size: Bank with between $250m - $500m
Location: CA

What we have found to be "acceptable" to examiners is that if not a re-appraisal, a re-ev...


RELATED EXAM EXPERIENCES:
FDIC - S&S | March 2013
exam experience posted by a VP‚ Lending/Credit/Loan Admin from member with between $500m - $1b in assets
None were unexpected, was surprised by the quality of the questions. No basic understanding of risk.
FDIC - S&S | September 2012
exam experience posted by a EVP‚ Lending/Credit/Loan Admin from member with under $250m in assets
Nothing really.
FDIC - S&S | March 2012
exam experience posted by a CEO‚ CEO from member with under $250m in assets
None.

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Bankers eLearning
BVS Performance Systems
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CIS Asset Solutions
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Solidifi Inc
Performance Pro
HRN Management Group

 
 

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