The average foreclosure costs a lender $60K. The mortgage markets have placed greater emphasis on ensuring the quality, integrity, and accuracy of appraisals and appraisal reviews. To determine if an appraisal provides a credible property value and if the appraisal report is acceptable, you need to be aware of key aspects of the appraisal and the appraisal review process. We will take a look at some of the common pitfalls in the appraisal process and best practices that help ensure quality appraisals.
This is Part II of our VI-Part 2018 Safe Deposit Series. The webinar explains the difference between the two types of safe deposit contracts: (1) the common contract form, and (2) the generic contract form. This session also explores the need for contract cards for each individual type of contract: individual, sole proprietor, fiduciary, committee, trustee, estate, minor, and guardian.
This webinar will look at who has the right to endorse the back of a check and where is proper endorsement placement. We will look at what happens if a check is not endorsed properly, when it may be best not to accept the check at all due to missing or problem endorsements, why we do not put business checks into personal accounts and why we do not give less cash on business accounts.. Many “tricky” issues will be discussed, such as deceased customers, business accounts, endorsements for minors, income tax check endorsements, trustee endorsements, and endorsements by powers of attorney.