Federal Reserve states that "financial institutions must have an effective, independent real estate appraisal and evaluation
program," and that appraisers performing reviews should "have the knowledge and expertise to assess compliance with
the Federal Reserves appraisal regulations and guidelines." Here at Kaysen Realty Valuation, we provide appraisal review
services that are independent, qualified, and professional and match up with the Federal Reserve's guidelines.
Appraisal reviews "should determine
whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process
by which the collateral valuation is obtained ensures independence and quality," per the Federal Reserve.
Reviews "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter,
which sets forth the scope of the appraisal assignment. The Federal Reserve further comments that "some banks supplement
routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions
as a control to assist in detecting valuation problems."
There are four Fannie Mae forms that are generally 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. Here at Kaysen Realty Valuation, we are experienced in all types
of appraisal reviews, review procedures and the responsibilities of review appraisers.
understand what makes a quality appraisal and what the most common deficiencies are. The Uniform Standards of Professional
Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate
appraisal reports performed by others.
You can rely on our independent judgment, at Kaysen
Realty Valuation, because we offer professional, objective, honest appraisal review services for our clients. Check out our
qualifications, expertise and services offered on our website.