Qualified Appraisal Reviews with Karen Mann & Associates - Appraisal and Expert Witness Services

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Karen Mann & Associates - Appraisal and Expert Witness Services, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "have to determine whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or high-value affairs as a control to help in addressing valuation complications."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can produce 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 Karen Mann & Associates - Appraisal and Expert Witness Services, we are qualified in all forms of appraisal reviews, review procedures and the obligations of review appraisers.