Experienced Appraisal Reviews by Zachary Kimmel

As said in a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines, contact Zachary Kimmel.

Appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "must also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or larger-value dealings as a method to aid in identifying valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Zachary Kimmel, is  qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.