Experienced Appraisal Reviews by Mindi Kitten Appraisals

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, look no further than Mindi Kitten Appraisals.

Appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also states that "some institutions augment regular reviews with post-funding assessments of appraisal quality for some of their higher-risk or high-value transactions as a way to aid in revealing valuation disputes."

In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can produce 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 Mindi Kitten Appraisals, we're experienced in every form of appraisal review, review procedure and the obligations of review appraisers.