Newswise — Residential collateral risk professionals can expand their knowledge base and build risk management skills through a forthcoming education series jointly presented by the Robert H. Smith School of Business at the University of Maryland and the Collateral Risk Network (CRN).

The four-part Collateral Risk Education series will run online 7-9 p.m. Mondays and Wednesdays, Sept. 14, 16, 21 and 23.

“This groundbreaking, interactive series will be delivered over eight hours of virtual, live facilitation in an intimate, cohort environment,” says CRN Founder and CEO Joan Trice.

The sessions collectively are designed to deliver the tools and training to excel in collateral valuation, analysis and risk management practices essential to ensuring the integrity of the appraisal management processes and controls associated in the mortgage industry.

The series, per session, will cover:

·         Fundamentals to Collateral Risk Management

·         Residential Property Valuation Risk Management

·         Collateral Analytics and Data

·         Collateral-related Risk Management Practices

“What makes this new collateral risk training so special is that until this training came along there was nowhere for industry professionals to go to learn how to manage collateral valuation risk in the mortgage industry,” says Clifford Rossi, professor of the practice and executive-in-residence at Maryland Smith. “Understanding the intersections of mortgage collateral valuation and risk management is particularly critical at this time when markets are supply constrained and getting the appraisal right is essential.”

Rossi, the academic director and faculty for the series, says the 2008 financial crisis exposed many deficiencies in the way mortgage lenders valued residential properties. 

“In many instances, significant conflicts of interest arose where loan production units pressured appraisers to come up with property values that would ensure loans would be made,” says Rossi. “These and other problems underscored the importance of managing risk associated with the property valuation process.”

The series is open to CRN members and non-CRN members. Completion incorporates a digital badge and can be applied to the Collateral Risk Academy, a forthcoming extension of the series.

Go to the Collateral Risk Management Series website for more information, including details on cost and registration.