Appraisals and Other Valuation Products

Part of the real estate credit approval process is to obtain and review valuation information, such as appraisals and evaluations, for real estate-related financial transactions.

• Banker Resource Center
• Community Reinvestment Act
  • CRA Examination Schedule
  • CRA Limited Purpose, Strategic Plan, and Wholesale Institutions
  • CRA Regional Contacts List
  • CRA Sunshine Requirements
  • Monthly List of Banks Examined for CRA Compliance
  • What is a Performance Evaluation?
  • Mortgage Rule Videos
  • Guía De Bolsillo Para Directores
  • Monthly Reports
    • Fees Assessed
    • TLGP Debt Guarantee Program: Disclaimer
    • Emergency Agencies
    • Emergency Contact Information
    • Federal Regulatory Agencies
    • State Regulatory Agencies
    • 2023 Joint Mutual Forum
      • Agenda
      • Logistics
      • Speaker List

      Laws and Regulations

      Key laws and regulations that pertain to FDIC-supervised institutions; note that other laws and regulations also may apply.

      • Part 323 — Appraisals addresses requirements for a written appraisal for certain real estate-related transactions
      • Appendix A to Part 364 — Interagency Guidelines Establishing Standards for Safety and Soundness provides operational and managerial standards for safety and soundness to include asset quality and asset growth
      • Part 365 — Real Estate Lending Standards provides standards for real estate lending and addresses the adoption and maintenance of written policies for extensions of credit that are secured by real estate, or that are made for the purpose of financing permanent improvements to real estate

      Supervisory Resources

      Frequently asked questions, advisories, statements of policy, and other information issued by the FDIC alone, or on an interagency basis, provided to promote safe-and-sound operations.

      • Section 3.2 — Loans of the Risk Management Manual of Examination Policies describes the review process for valuation approaches and regulatory requirements for appraisals and evaluations
      • Frequently Asked Questions address the appraisal regulations and the interagency appraisal and evaluation guidelines
      • Interagency Advisory on the Availability of Appraisers provides information on two existing options, temporary practice permits and temporary waivers, that may address appraiser shortages, particularly in rural areas
      • Interagency Advisory on Use of Evaluations in Real Estate-Related Financial Transactions responds to questions regarding the use of an evaluation instead of an appraisal for estimating the market value of real property collateral
      • Interagency Appraisal and Evaluation Guidelines provide information regarding for policies, procedures, and practices relating to appraisals and evaluations

      Other Resources

      Supplemental information related to safe-and-sound banking operations.

      • The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally recognized ethical and performance standards for the appraisal profession in the United States, and adherence to USPAP is one of the minimum requirements in the FDIC’s appraisal regulations. (More information on USPAP is available at:https://www.appraisalfoundation.org/imis/)
      • FDIC's Supervisory Insights — Winter 2011 article, “Navigating the Real Estate Valuation Process”

      Last Updated: July 24, 2024