Appraisal Reviews with Maria Hopkins AssociatesAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Maria Hopkins Associates, we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines. ![]() If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Maria Hopkins Associates today. Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or high-value contracts as a means to help in addressing valuation dilemmas." In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Maria Hopkins Associates, we're skilled in every type of appraisal review, review procedure and the requirements of review appraisers. We know what constitutes a quality appraisal and what the greatest weaknesses are, particularly in our housing market. The professionals at Maria Hopkins Associates are also sufficiently experienced to acknowledge that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Maria Hopkins Associates to lawfully review appraisal reports carried out by others. And those others could be reviewing our work, too! For professional, unbiased, ethical appraisal review services and honest judgments, you can count on Maria Hopkins Associates. Contact us for more information regarding our qualifications, expertise and services offered. |