Qualified Appraisal Reviews by KH Appraisals

A review appraisal should determine: whether the original appraisal or evaluation is suitable for the transaction, the risk inherit in the transaction, and whether the practices by which the property valuation is acquired ensures independence and quality. The review should also announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the reach of the appraisal assignment. Lastly, the Fed notes 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".

	If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely 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 KH Appraisals, we are trained in all types of appraisal reviews, review practices and the obligations of review appraisers.  

We know what the most likely report inadequacies are, particularly in our home market, as well as what constitutes a quality appraisal.  We're also trained enough to distinguish that the competitors in our market are qualified to do 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 justly assess appraisal reports performed by others. And those others might be reviewing our work, too!  

Here at KH Appraisals, you can have confidence in our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact KH Appraisals regarding our qualifications, expertise and service offerings.