Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Mindi Kitten Appraisals, we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's regulations. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Mindi Kitten Appraisals today. According to the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value transactions as a control to help in exposing valuation problems." In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Mindi Kitten Appraisals, we're experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers. Mindi Kitten Appraisals knows what represents a quality appraisal and what the most prevalent inadequacies are, specifically in our housing market. The professionals at Mindi Kitten Appraisals are also experienced enough to admit that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly assess appraisal reports executed by others. And those others may be studying our work, too! In short, here at Mindi Kitten Appraisals, you can count on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings. |
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.