Policy Development Environmental Policy is the first step to mitigating environmental risk.  ERI can provide its technical and financial expertise to develop a comprehensive environmental policy to suit your corporate goals and business environment.  A sound environmental policy combined with customized due diligence products will help manage environmental risk in a cost-effective and efficient manner for you and your customers. Implementation & Enforcement of Existing Policy The number of corporations with existing environmental risk policies is growing as environmental issues impact real estate transactions.  ERI’s knowledge and expertise can help your institution manage and implement your environmental risk policies and programs, saving time and expenses while maintaining business goals. Third Party Due Diligence Reviews The most common method of identifying environmental risk is through traditional investigations such as Phase I & Phase II Environmental Site Assessments, Remedial Action Reports, and Regulatory Agency Correspondence.  ERI’s professionals have extensive experience in environmental assessment, remediation and financial services.  The ERI staff can communicate regulatory and environmental risks clearly so that loan officers, syndication partners and borrowers can make prudent business decisions.  Environmental Risk Desktop Review A Desktop Review is a site screening tool that provides a lender with a brief site history along with known current and past regulatory issues without the time and expense of a site inspection.   You will receive the following information from an ERI desktop review in report form: Regulatory Database Report Review of at least two historical sources Interview with site contact Risk Classification Memo  Our professional opinion regarding the potential risks associated with the property transaction is presented in a risk memo and attached to the desktop review. Regulatory Database Search and Risk Review A Regulatory Database Report is intended to determine if your property or any adjacent properties have been listed on any state, local or federal databases.  ERI orders regulatory database reports which detail all the environmental listings for the subject site and surrounding properties.  We review this report and summarize our findings and the potential impacts to your property in a risk memo. A copy of the database is provided with the risk memo.   Commercial Appraisal Reviews  Qualified appraisers will conduct independent commercial appraisal reviews to assess compliance with the Federal Reserve appraisal regulations and guidelines as well as professional standards.  Training   From current environmental topics to internal policy questions, ERI can provide your staff with a wide variety of training programs in the environmental risk management field.  Training seminars can be customized to address any topic of interest such as:                                      Keys to Reviewing Phase I & Phase II Environmental Site Assessments Underground Storage Tanks            Dry Cleaner Lending Gas Station Lending           SBA SOP 50-10 Environmental Requirements Corporate Policy