Appraisal Reviews with K.G.Hill AppraisalsAs said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." K.G.Hill Appraisals provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's rules. ![]() If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today. Appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. They "should also show whether the appraisal or evaluation report is true to the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or higher-value transactions as a means to help in addressing valuation problems." In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will 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 K.G.Hill Appraisals, we are qualified in all forms of appraisal reviews, review processes and the obligations of review appraisers. K.G.Hill Appraisals understands what the most common imperfections are, particularly in our housing market. We also know what amounts to a quality appraisal. The professionals at K.G.Hill Appraisals are also trained enough to distinguish that the competition in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to objectively evaluate appraisal reports completed by others. And those others could be studying our work, too! For professional, objective, ethical appraisal review services and honest judgments, you can depend on K.G.Hill Appraisals. Contact K.G.Hill Appraisals for more information about our qualifications, expertise and service offerings. |