NSW Banking Forum: Valuation Reports (N170718)
This event is now sold out. This other event may be of interest to you: NSW Banking Forum (Session two) Banker & Borrower: Property Finance on Thursday 3rd August.
What do banks and financiers really look for in valuation reports? Join us as our expert panel discusses the lender's viewpoint and current day requirements with valuation reports.
The API is pleased to present an expert panel from the major Australian banks. Come and ask questions and learn more about the banking side of the fence from our experienced panellists representing residential, corporate and institutional banking sectors.
Our expert panel will cover:
- What, how and when are valuation reports required?
- What valuation assumptions are reasonable to make for mortgage security purposes?
- How are assumptions around letting up, incentive, capex and cashflow inputs from the valuation utilised in lending decisions?
- Banks' security value – how is this assessed?
- Comments and feedback on valuation reports – what’s good, some shortfalls and possible improvements?
- Why do banks require a GST inclusive and exclusive assessment? What is Net Realisation?
- When and why is an ‘In One Line’ Valuation required?
- What are appropriate debt sizing metrics in today's environment? What role does a valuation report play?
- What are appropriate financial covenants?
- Loan to Value Ratio (LVR), Interest Coverage Ratio (ICR) and Loan to Total Development Cost Ratio (LTC)?
The event is not only ideal for valuers but all property professionals who are interested in understanding and having a deeper dive into how valuation reports are assessed by banks and the integral role they play in the banking and finance sector.
Executive Manager, Valuation Risk and Secured Losses, Commonwealth Bank
Mark is responsible for residential valuation policy and strategy for the Commonwealth Bank of Australia. This includes the optimisation of internal valuation models and decision logic, and also ensuring that third party valuations are of a high quality. Mark is also responsible for monitoring and preventing home loan losses, including identifying credit, operational and fraud risk, and identifying controls and tools to prevent losses.
National Head of Property Risk, Westpac Bank
Peter is responsible for the risk management function within several of the Westpac Group’s property finance businesses. This encompasses:
- The provision of in-house research into the various domestic property market sectors and creation of the Group’s “house view” on each of those market sectors
- Management of national team of property risk managers and construction risk managers
- Management of Westpac’s National Commercial Valuation Panel
Peter is a chartered surveyor and registered valuer by background and has worked at Westpac for around 16 years. In his time at Westpac he has held various roles including Head of Property Finance NSW & Head of Middle Markets (Business Banking) NSW. He was previously Managing Director at DTZ (NSW) and has held senior roles at CBRE and Urbis.
Senior Manager - Property Risk, ANZ
Michael has over 35 years' experience in valuation specialising in commercial, industrial and retail property. His current role in property risk at ANZ brings his broad real estate knowledge to the bank providing appropriate advice in assessing whether various property types, including development sites, are suitable for first mortgage security.
Michael was a part time lecturer in valuation at TAFE NSW for over twenty years and in 2008 was awarded the API’s Meritorious Certificate for contributions to the valuation profession.
Program of Events
|6:30pm||Forum closes, followed by light refreshments|
|Early Bird (closes 30 June 2017)|
|API Student Member||$56|
|Standard (after 30 June 2017)|
|API Student Member||$66|
|Group of 5 (save $25)|
To book a group of 5, click here
|All fees include GST|
Attendance at this event accrues 1.5 CPD Points.
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