Experienced Appraisal Reviews by Steyskal Home Appraisal LLC

As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations, just contact Steyskal Home Appraisal LLC.

Appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. In addition, they "should indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for some of their high-liability or large-value contracts as a method to help in identifying valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll produce 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 Steyskal Home Appraisal LLC, we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.