Appraisals

OCC Bulletin 2024-18, Real Estate Appraisals: Final Interagency Guidance on Reconsiderations of Value of Residential Real Estate
Conveys interagency guidance that highlights risks associated with deficient residential real estate valuations and describes how financial institutions may incorporate reconsiderations of value processes and controls into established risk management functions.

OCC Bulletin 2024-17, Quality Control Standards for Automated Valuation Models: Final Rule
Communicates a final rule designed to implement quality control standards for automated valuation models (AVM) used by mortgage originators and secondary market issuers in valuing residential real estate.

OCC Bulletin 2024-6, Real Estate Appraisals and Evaluations: FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending
Communicates principles for the examination of banks’ residential property appraisal and evaluation (valuation) practices to (1) mitigate risks that may arise due to potential discrimination or bias in those practices, and (2) promote credible valuations.

OCC Bulletin 2019-43, Appraisals: Appraisal Management Company Registration Requirements
Discusses concerns that banks might have confirming AMC registration, and makes suggestions that banks can use when no registered AMCs are available.

OCC Bulletin 2018-39, Appraisals and Evaluations of Real Estate: Frequently Asked Questions
Answers frequently asked questions (FAQ) concerning appraisals and evaluations for real estate transactions. These FAQs clarify existing regulatory requirements and guidance provided in the 2010 “Interagency Appraisal and Evaluation Guidelines” and in the 2016 “Interagency Advisory on Use of Evaluations in Real Estate-Related Financial Transactions.”

OCC Bulletin 2017-19, Appraiser Shortages: Interagency Advisory on the Availability of Appraisers
Discusses two existing options to help insured depository institutions address appraiser shortages, particularly in rural areas.

OCC Bulletin 2016-8, Real Estate Lending: Interagency Advisory on the Use of Evaluations in Real Estate-Related Financial Transactions
Describes existing supervisory expectations, guidance, and industry practice for using evaluations instead of appraisals when estimating market value of real property securing real estate-related financial transactions.

OCC Bulletin 2010-42, Sound Practices for Appraisals and Evaluations: Interagency Appraisal and Evaluation Guidelines
Describes the elements of a sound program for conducting appraisals and evaluations and addresses supervisory matters related to real estate appraisals and evaluations used to support real estate-related financial transactions.

OCC Bulletin 2005-32, Frequently Asked Questions: Residential Tract Development Lending
Addresses appraisal and real estate lending requirements for financing residential tract developments.