Qualified Appraisal Reviews with Irene Maurer

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations, contact Irene Maurer.

Appraisal reviews "should determine whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. Moreover, they "should denote whether the appraisal or evaluation report is compatible with the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement regular reviews with post-funding surveys of appraisal quality for a number of their high-liability or high-value dealings as a way to aid in detecting valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can formulate 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 Irene Maurer, we are trained in every form of appraisal review, review procedure and the obligations of review appraisers.