Experienced Appraisal Reviews with Maria Hopkins Associates

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Maria Hopkins Associates provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is even with the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for any of their higher-liability or greater-value affairs as a channel to aid in addressing valuation dilemmas."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Maria Hopkins Associates, we're experienced in every kind of appraisal review, review process and the responsibilities of review appraisers.