About the Society of Chief Appraisers (SCA):
The SCA is a volunteer organization of over 600 Chief Valuation officers and related officers involved in the reaching the final real estate collateral valuation process located in a dozen cities nationally who meet once or twice annually. The goal of these meetings or symposiums is to offer first hand learning & training opportunities to be understand and be more completely diligent to the valuation of the collateral properties for loans & bank investment. As you may be aware, over 90% of the 5,000 insured banks or non-banks do not have a staff state certified real estate appraiser and therefore are at a great disadvantage in making safe & sound loans because they do not have staff appraisal and appraisal management expertise. These are the officers who will benefit most from our programs, present & future. At the same time, these same bank credit officers do have expertise in market risk analysis, which would be of great benefit to Appraisal Officers in protecting the accuracy of the valuations used in lending or investments by their banks
NOTE #1 – MEETINGS/SYMPOSIUMS ARE FREE TO ATTENDEES, THANKS TO OUR SPONSORS – INCLUDING FOOD & BEVERAGES
NOTE #2 - ALSO, IT IS TYPICAL TO OFFER 3 HOURS OF STATE CE LICENSE RENEWAL CREDIT – FOR THE 3+ HOUR AFTERNOON “EXAMINER’S PANEL” FEATURING PRESENTATIONS WITH Q & A WITH THE EXAMINERS
SCA members include:
- Chief Appraisers, Appraisal Review Managers, Appraisal Review Staff
- Chief Credit Officers, Credit Administration Officers, Bank Real Estate Officers
- Special Assets Managers, Environmental Officers, QC, etc.
- County Assessors Appraisal Departments - Chief Appraisers & Staff
- Leadership of Valuation Organizations – RMA, IA, RICS, ASA & others
- Federal & State Regulators (in an advisory capacity)
- Most recently, regulated “Non-Bank” Valuation Officers such as Life Companies & Investor Groups
Founded in 2009, the SCA is a revival of the tradition of the groups of Northern & Southern California Chief Appraisers, representing both Commercial Banks and Savings & Loan Associations, who met often throughout the 1970’s and 1980’s. Those groups created a unique forum where appraisal managers could meet and share common experiences, new regulatory requirements, and support each other’s professional growth and the advancement of the appraisal industry. And for the last 9 years, we have found a very responsive community & Valuation Officers – whether staff appraisers and interest in learning in the cross training that will permit need and desire by all valuation officers or others - like credit officers who serve as “chief valuation officers” at over 90% of our insured banks to have the knowledge to knowledgeably be able to perform the due diligence necessary to the prevention of another real estate valuation collapse.
These crashes in real estate values will undoubtedly occur in the future, just as they have in the recent Great Recession of 2007. There is little doubt that the Great Recession emanated directly from the repeal of the Glass Steagall Act, FDR’s first and most critical banking/Wall Street law, which had effectively prevented another Great Recession/Depression since 1933. But when Glass Steagall was repealed in 1999 which prevented banks from being owned by Wall Street firms or from investing in stocks.
SCA Objectives for 2018 and Beyond
- Continue Bringing all Valuation Officers, Examiners & Valuation Experts together for these meetings/symposiums (CLICK HERE TO VIEW A TYPICAL RECENT SAMPLE AGENDA) to bring about a sharing, educational and training to achieve greater working skills very much needed in the accurate & regulatory compliant Real Estate Collateral Appraisals, Evaluations & Assuring their Regulatory Compliance. Each event offers the latest updates on real estate markets, expert guidance in high risk appraisals, valuation Management tools & and a frank dialogue with our Federal & State Examiners
- Working with University Real Estate Programs, the Appraisal Foundation and all sister organizations involved in the valuation & market risk fields to create a recognized, consistent & accredited training program for all valuation officers, examiners and related bank & regulated non-bank officers that play the essential role of protecting our banks and the American People from another disastrous collapse like the recent Great Recession of 2007.
- Lastly, we have come to realize that preventing a future collapse must done by the trained Valuation Officers and Examiners grass roots movement - because the Congress & Supervisory Agencies (FDIC, OCC, FRB) are not staffed or trained adequately (only two appraisal review specialists for 5,000 banks) to enforce the laws & regulations like the Interagency Appraisal Guidelines, Dodd-Frank & FIRREA. At the completion of such a University Extension program, all who complete the courses & tests will be Certified by the University as “Valuation Officers” or “Chief Valuation Officers” with that certification to be periodically updated with CE courses that are up to date.
Become an SCA donor, please click here