Appraisal Reviews with Ken Rase & CoAccording to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Ken Rase & Co provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today. Appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. In addition, they "must announce whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add routine reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value contracts as a channel to help in identifying valuation issues." In addition to conforming 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 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 Ken Rase & Co, we are qualified in all forms of appraisal reviews, review practices and the obligations of review appraisers. We realize what makes a quality appraisal and what the most common inadequacies are, especially in our home market. We're also experienced enough to admit that the competitors 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 rely on us to fairly assess appraisal reports executed by others. And those others may be examining our work, too! Here at Ken Rase & Co, you can be sure of our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered. |