FFIEC's Statement on Exams & Valuation Discrimination and Bias in Residential Lending

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Understanding the FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

https://www.linkedin.com/in/mark-treichel/

https://www.marktreichel.com/

In this episode, Samantha Shares gives an educational overview of The Federal Financial Institutions Examination Council's (FFIEC) Statement on Examination Principles related to valuation discrimination and bias in residential lending. The podcast discusses the various risks, laws, regulations, guidelines, and examination principles related to residential property appraisal and evaluation practices. Samantha also mentions the role of her sponsor, Credit Union Exam Solutions Incorporated, in assisting clients with NCUA examinations. The goal of the podcast is to clarify and inform listeners about the FFIEC's mission of promoting consistency in supervisory matters, highlighting the importance of credibility in real estate valuations and the detrimental impact of valuation discrimination or bias.

00:00 Introduction and Sponsorship
00:51 FFIEC Statement Overview
02:51 Risks From Valuation Discrimination and Bias
03:55 Applicable Statutes, Regulations, and Guidance
08:45 Examination Principles
09:40 Conclusion and Implementation of the Principles
10:54 Consumer Compliance Examination Principles
13:52 Safety and Soundness Examination Principles
16:26 Conclusion and Contact Information