Appraisal Reviews with Maria Hopkins Associates

According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews must "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than Maria Hopkins Associates.

Appraisal reviews "should decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. In addition, they "must announce whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or larger-value contracts as a means to assist in uncovering valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll 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. Here at Maria Hopkins Associates, we are skilled in every form of appraisal review, review process and the responsibilities of review appraisers.