Experienced Appraisal Reviews with Mindi Kitten Appraisals
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Mindi Kitten Appraisals provides appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions regarding an appraisal, contact Mindi Kitten Appraisals today.
As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding assessments of appraisal quality for any of their high-risk or higher-value transactions as a channel to assist in uncovering valuation problems."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will prepare 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 experienced in every type of appraisal review, review practice and the obligations of review appraisers.
We know what the most common inadequacies are, particularly in our real estate market, as well as what makes a quality appraisal. Concurrently, the professionals at Mindi Kitten Appraisals are adequately trained to respect that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to objectively look over appraisal reports done by others. And those others might be examining our work, too!
For professional, unbiased, ethical appraisal review services and neutral judgments, you can count on Mindi Kitten Appraisals. Contact Mindi Kitten Appraisals for more information about our qualifications, expertise and services offered.
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