Qualified Appraisal Reviews by Maria Hopkins Associates

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines, contact Maria Hopkins Associates.

The Federal Reserve says appraisal reviews "ought to conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality." They "must also announce whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value affairs as a way to help in detecting valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will prepare 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 qualified in all types of appraisal reviews, review procedures and the requirements of review appraisers.