Expert Appraisal Reviews with Mindi Kitten Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Mindi Kitten Appraisals, we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.
According to the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality." In addition, they "should indicate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or large-value contracts as a means to help in discovering valuation dilemmas."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Mindi Kitten Appraisals, we're skilled in every form of appraisal review, review practice and the requirements of review appraisers.
We know what makes a quality appraisal and what the most frequent weaknesses are, especially in our housing market. In the same regard, we are skilled enough to respect that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Mindi Kitten Appraisals to ethically review appraisal reports executed by others. And those others might be examining our work, too!
When you choose Mindi Kitten Appraisals, you can have confidence in our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.
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