Qualified Appraisal Reviews with Mindi Kitten Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Mindi Kitten Appraisals.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add regular reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value transactions as a channel to assist in discovering valuation concerns."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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 are qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
We are familiar with what the most prevalent inadequacies are, especially in our home market. We also know what makes a quality appraisal. The professionals at Mindi Kitten Appraisals are also amply skilled to respect that our competitors in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically review appraisal reports executed by others. And those others may be examining our work, too!
At Mindi Kitten Appraisals, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Mindi Kitten Appraisals for more information regarding our qualifications, expertise and services offered.
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