Appraisal Reviews by KP Appraisals, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at KP Appraisals, Inc., we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must find out 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." They "must also show whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some banks augment periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or greater-value dealings as a channel to help in discovering valuation concerns."

In addition to adapting our work to the processes 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 one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At KP Appraisals, Inc., we're skilled in every kind of appraisal review, review procedure and the requirements of review appraisers.