Appraisal Reviews by Mindi Kitten Appraisals

According to an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations, contact Mindi Kitten Appraisals.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact Mindi Kitten Appraisals today.

As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." They "should also signify whether the appraisal or evaluation report is true to the engagement letter, which describes the range of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value affairs as a control to help in uncovering valuation issues."

In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically 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're qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.

We understand what makes a quality appraisal and what the greatest inadequacies are, particularly in our real estate market. The professionals at Mindi Kitten Appraisals are also amply skilled to distinguish that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports performed by others. And those others might be evaluating our work, too!

In short, at Mindi Kitten Appraisals, you can count on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.

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