McKissock Learning, a provider of online education for licensed appraisers, has introduced a new suite of courses for banking and lending professionals.
The first three courses in the banking suite are Evaluating a Report for USPAP Compliance, Best Practices for an Appraisal Review Operation, and The Mechanics of Appraisal Review: Single Family Residential.
McKissock said the courses will provide lenders and regulators with the knowledge to better evaluate an appraisal report for USPAP compliance, highlight best practices for a regulatory-compliant appraisal review operation, and emphasize the mechanics of appraisal review, specifically focusing on how to assess the credibility of a single-family appraisal report.
“There’s often a knowledge gap between real estate appraisal reports and how these reports are used within banks and lending institutions,” said Melissa Wilson, vice president of business development at McKissock. “We’re bridging that gap with these courses, the first of their kind in the industry. We’ve spent decades educating the real estate appraisal community and are leveraging this expertise and our internal knowledge of the mortgage lending process to design courses. The courses will aid banking and lending professionals in mitigating valuation risk, staying compliant, and improving bank examination scores by enhancing the safety and soundness of their real estate valuation programs.”
McKissock said it is developing additional courses, including topics such as how to choose the right valuation service, evaluations and desktop appraisals, commercial review, and more.