Mindi Kitten Appraisals Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Mindi Kitten Appraisals, we provide appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value transactions as a control to help in uncovering valuation disputes."
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can develop 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 are qualified in every form of appraisal review, review process and the obligations of review appraisers.
We know what constitutes a quality appraisal and what the most prevalent defects are, specifically in our housing market. In the same sense, we're adequately experienced to admit that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Mindi Kitten Appraisals to objectively examine appraisal reports completed by others. And those others may be studying our work, too!
When you choose Mindi Kitten Appraisals, you can trust our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Mindi Kitten Appraisals regarding our qualifications, expertise and services offered.
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