Appraisal Reviews by Keir's Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines, just contact Keir's Appraisal Services.

Appraisal reviews "must determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also notes that "some institutions add periodic reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value contracts as a method to help in discovering valuation problems."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can formulate 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 Keir's Appraisal Services, we're skilled in every form of appraisal review, review process and the obligations of review appraisers.