Raymond Rath, Managing Director of  Globalview Advisors, attended the November 8, 2018 Southern California Society of Chief Appraisers Symposium “Maintaining Appraisal 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 included:

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

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

Presentations included:

  • Latest 2018/2019 Trends + 5 Year Future Predictions by Economists, Researchers, Real Estate (RE) Risk Experts, Credit Officers
  • Current & Future Environmental Law and Concerns
  • Overvaluations and its Risk for RE Loans
  • Self-Storage Industry Update
  • Higher Risk and Analysis with Restaurants and Hotels
  • Outsource Monitoring—New Regulatory Exceptions
  • Cost Savings Using Automation and Risks with new AVMs
  • “As Is” RE Values vs. Business Values

Speakers included representatives of the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Federal Reserve Bank, Wells Fargo Bank, and CBRE Group among others.

Mr. Rath presents frequently on valuation topics both domestically and internationally and is extremely active in efforts to advance the valuation profession. He has developed a three-day course titled “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 Raymond Rath, ASA, CEIV, CFA at 949 485.2808 or rrath@globalviewadvisors.com, or Michael Haghighat, ASA at 949 475.2801 or mhaghighat@globalviewadvisors.com.