Experienced Appraisal Reviews by Hampton Real Estate and Appraisal Inc

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews must "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Hampton Real Estate and Appraisal Inc, we provide appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.

Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks add regular reviews with post-funding evaluations of appraisal quality for some of their high-risk or large-value transactions as a method to aid in identifying valuation concerns."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will 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. Here at Hampton Real Estate and Appraisal Inc, we're experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.