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Expert Appraisal Reviews by G. Kutz AppraisalsAccording to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at G. Kutz Appraisals, we provide appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's guidelines.A review appraisal has to reveal: whether the original appraisal or evaluation is relevant for the transaction, the risk inherit in the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality. Moreover, they must denote whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment. The Federal Reserve states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally 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 G. Kutz Appraisals, we're skilled in every form of appraisal review, review procedure and the requirements of review appraisers.
In short, here at G. Kutz Appraisals, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings. |
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G. Kutz Appraisals understands what the most frequent reporting deficiencies are, specifically in our home market. We also understand what constitutes a quality appraisal.
The professionals at G. Kutz Appraisals are also adequately skilled to know that the competition in our market are capable of a great job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully review appraisal reports done by others. And those others may be evaluating our work, too!