Experienced Appraisal Reviews with C L Harper & Associates

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews must "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." C L Harper & Associates provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.

Appraisal reviews "ought to decide whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or high-value affairs as a channel to assist in detecting valuation problems."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually 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. Here at C L Harper & Associates, we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.