Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Maria Hopkins Associates provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Maria Hopkins Associates today.

The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for a few of their higher-risk or high-value dealings as a method to help in discovering valuation problems."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will 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 are qualified in every type of appraisal review, review process and the requirements of review appraisers.

We're aware of what constitutes a quality appraisal and what the most common imperfections are, particularly in our home market. We're also adequately skilled to realize that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Maria Hopkins Associates to objectively review appraisal reports performed by others. And those others might be evaluating our work, too!

You can count on Maria Hopkins Associates for our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.