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Appraisal Reviews by Kurt Carlson AppraiserAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Kurt Carlson Appraiser, we provide appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations.The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the manner by which the collateral valuation is rendered ensures independence and quality. Moreover, they should signify whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment. The Federal Reserve notes 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".
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Kurt Carlson Appraiser, we're qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.
In short, when you choose Kurt Carlson Appraiser, you can rely on our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Kurt Carlson Appraiser for more information regarding our qualifications, expertise and service offerings. |
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Kurt Carlson Appraiser realizes what the most common reporting deficiencies are, specifically in our home market. We also know what amounts to a quality appraisal.
Concurrently, we are sufficiently trained to realize that the competition in our market are able to do quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Kurt Carlson Appraiser to justly study appraisal reports carried out by others. And those others might be reviewing our work, too!