Experienced Appraisal Reviews by H&H Real Estate Appraisal Services LLC

As said in a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at H&H Real Estate Appraisal Services LLC, we provide appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some institutions augment routine reviews with post-funding surveys of appraisal quality for any of their high-risk or larger-value contracts as a means to aid in identifying valuation issues."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At H&H Real Estate Appraisal Services LLC, we are experienced in all kinds of appraisal reviews, review practices and the requirements of review appraisers.