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Kent & Associates Appraisal Appraisal Reviews
According to an announcement
by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that
it's the call of appraisers producing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
Kent & Associates Appraisal provides appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's regulations.
A review appraisal has to find out: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the method by which the real estate valuation is accomplished guarantees independence and quality.
They should also indicate whether the appraisal or evaluation report matches the engagement letter, which describes the depth of the appraisal assignment.
The Fed also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
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If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today. |
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In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.
Here at Kent & Associates Appraisal, we're trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.
We realize what the most likely report imperfections are, particularly in our home market, as well as what constitutes a quality appraisal.
The professionals at Kent & Associates Appraisal are also adequately trained to know that our competition in our market are qualified to do a fine job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically examine appraisal reports completed by others. And those others might be reviewing our work, too!
When you choose Kent & Associates Appraisal, you can be sure of our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients.
Contact Kent & Associates Appraisal for more information regarding our qualifications, expertise and service offerings.
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