Raymond Rath, Managing Director of Globalview Advisors, attended and Co-Sponsored the Southern California Society of Chief Appraisers Symposium on “Maintaining Valuation Integrity”, Valuation Professionals Leadership Tools & Strategies for Compliance & Best Practices. The symposium was held at the Federal Reserve Bank in downtown Los Angeles. Members of the Society of Chief Appraisers include:

  • Chief Appraisers & Staff
  • Chief Risk/Credit Officers & Staff
  • Appraisal Review Managers & Staff
  • Collateral Risk & Valuation Officers
  • Bank Real Estate Officers
  • Credit Administration Officers
  • Special Assets Managers
  • Federal & State Regulators

Attendees share common experiences, review regulatory requirements, best departmental strategies and protection of collateral, discuss compliance and support each other’s growth and advancement of the valuation industry.

Presentations included:

  • Bank Collateral Risk Management
  • Valuing Hotels: Key Factors for Informed Risk Assessment
  • Costar—Los Angeles Hotel and Apartment Overview
  • Automated Valuation Model Performance History: Best Practices and Current Innovations
  • The Future Role of Valuation Professionals
  • Construction Risk: Trends and Strategies
  • A Call for Change
  • Federal Reserve Bank Update Presentation
  • FDIC and FRB Regulator Panel

Speakers included representatives of the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Federal Reserve Bank, HVS (Hospitality Valuation Services), Partner Engineering and Science, Inc., and LRES Corporation among others.

Mr. Rath presents frequently on valuation topics both domestically and internationally and is extremely active in efforts to advance the valuation profession. Mr. Rath developed a three-day course Valuations for Financial Reporting for the American Society of Appraisers.  Completion of this course is one of the requirements for individuals interested in obtaining the Certified in Entity and Intangible Valuations designation. The CEIV process and Mandatory Performance Framework and Application of Mandatory Performance Framework documents (“MPF”) were developed by the Corporate and Intangibles Valuation Organization, LLC. The CEIV and MPF are part of an effort to improve the quality of valuations prepared for financial reporting.

The Society of Chief Appraisers (SCA) is a volunteer organization of over 600 Chief Valuation officers and related officers involved in the reaching the final real estate collateral valuation process located in a dozen cities nationally who meet once or twice annually. The goal of these meetings or symposiums is to offer first hand learning and training opportunities to understand and be more completely diligent to the valuation of the collateral properties for loans and bank investment. Over 90% of the 5,000 insured banks or non-banks do not have a staff state certified real estate appraiser and therefore are at a great disadvantage in making safe and sound loans, because they do not have staff appraisal and appraisal management expertise. These are the officers who will benefit most from our programs, present and future. At the same time, these same bank credit officers do have expertise in market risk analysis, which would be of great benefit to Appraisal Officers in protecting the accuracy of the valuations used in lending or investments by their banks.

For further information, please contact Michael Haghighat, ASA at +1 (949) 475-2801 or mhaghighat@globalviewadvisors.com or Raymond Rath, ASA, CEIV, CFA at +1 (949) 475-2808 or rrath@globalviewadvisors.com.