Smarter Lending Podcast – Ep 1: The Appraisal Conundrum; Evaluations, Full Appraisals, or Validation Reports?

Welcome to the first episode of the SmarterLending Podcast by Lender Consulting Services! Your host is Liz Mahoney, SVP, Director of Sales and Business Development who brings 15 years of national lending expertise to the table.

This episode is a deep dive into the rules and regulations around utilizing valuations. When is it appropriate to use, versus an appraisal or a validation report? They’ll be reviewing techniques used, how regulations and internal policy come into play, and much more.

Liz is joined by 3 appraisal experts:

Noelle McDonald

VP, Valuation Services at Lender Consulting Services

Since joining LCS in 2022, Noelle’s primary focus is to manage the overall operations of the LCS Valuation Services Department as well as general management of valuation employees working in conjunction with the COO, Regional Managers and SVPs of the Corporation to assure the success of LCS, Inc. Noelle also contributes to business development, establishing strategic plans and goals and leading staff to meet company objectives for growth and high quality client services.

Noelle’s expertise includes complex valuation and consulting assignments including: Acquisition/ Disposition, Litigation, Ad Valorem (tax protest), Estate Settlement, Condemnation, Going-Concern, Portfolio Management and Restricted-Use (internal decision making). Assignments completed for assets located throughout the Midwest, as well as nationally. Experience serving as a Appraisal Reviewer for a national bank (FIRREA compliance). She also served on the federal level as a Underwriter for HUD.

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Rachel Kilcullen

Director, Valuation Services at Lender Consulting Services

Rachel completes in-house evaluation reports through collecting property and market data, income analysis and comparable sales information. Rachel also reviews evaluation reports for lending clients through the implementation of high-level quality control standards. She provides guidance and education to clients with regard to the LCS Valuation products that would best suit their needs.

With over 22 years, Rachel’s extensive commercial real estate experience includes comparative property analysis and valuation, evaluation report creation and review, forecast modeling and budgeting, research and investment sales. Prior to joining LCS in 2022, she served as Senior Financial analyst at Boxwood Means. Rachel also held a Senior VP position at a real estate investment banking firm and was a financial consultant to a large regional commercial real estate owner/manager. Her expertise includes: Commercial Property Valuation, Residential Property Valuation, Third-Party Evaluation Review, and Credit/Lending Valuation Policy & Programs.

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Cheryl Bella, MAI, AI-GRS

National Chief Compliance Officer at FICRAS

Cheryl’s tremendous knowledge of compliance gained over years of practice experience in both the banking community and private practice provides bank clients a compliance assurance level unparalleled in the industry. As a Founding Member of the Designated Appraiser Coalition (DAC), Cheryl established FICRAS based on her knowledge of what banking and other regulated financial clients needed to achieve true compliance.

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Listen and subscribe to learn more!

To inquire about becoming a guest or suggesting a topic for SmarterLending, reach out to Liz Mahoney today.

To learn more, reach out to Liz Mahoney, Director of Sales & Business Development today.