Quality Appraisal Reviews by Kimberly Smith & Associates, Inc

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations, look no further than Kimberly Smith & Associates, Inc.

Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or large-value contracts as a control to help in addressing valuation issues."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Kimberly Smith & Associates, Inc, we're qualified in every form of appraisal review, review process and the requirements of review appraisers.