Ray Rath of Globalview Advisors attended the 15th Society of Chief Appraisers (SCA) Meeting with the support of the Los Angeles Chapter of The Risk Management Association (RMA). The meeting was held at the Los Angeles Federal Reserve Building with over 80+ in attendance. Some of the topics discussed included Apartment Risk; Construction Risk Management; Hospitality Market Loan Appraisals; Restaurant and Gas Station Complex Appraisals; Loan Platforms and Management Tools; Construction Risk Management; Zoning and Land Use Complexities in Commercial Markets; and the Complexities of Self-Storage Appraisals.
The SCA is a volunteer organization of over 300 Chief Appraisers, Credit and Real Estate Officers from over 100 California banks working together for the common objective of achieving an effective nationwide system of valuation and due diligence. Founded in 2009, the SCA is a revival of the tradition of the groups of Northern and Southern California Chief Appraisers, representing both Commercial Banks and Savings & Loan Associations, who met often throughout the 1970’s and 1980’s. Those groups created a unique forum where appraisal managers could meet and share common experiences, new regulatory requirements, and support each other’s professional growth and the advancement of the appraisal industry.