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What qualifications would constitute a “qualified and adequately trained individual” for the purpose of conducting appraisal reviews?

April 26, 2017adequately appraisal conducting constitute individual purpose qualifications qualified Reviews trained

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What qualifications would constitute a “qualified and adequately trained individual” for the purpose of conducting appraisal reviews?

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Individuals who review appraisals as part of a regulated institution’s internal compliance function should be independent of the transaction and possess the requisite education, expertise, and competence to perform the review commensurate with the complexity of the transaction.