Qualified Appraisal Reviews with Sekerak Realty

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations, look no further than Sekerak Realty.

Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or larger-value transactions as a way to help in addressing valuation disputes."

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 Sekerak Realty, we are trained in every form of appraisal review, review practice and the responsibilities of review appraisers.