Quality Appraisal Reviews with Kelley Group

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Kelley Group, we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions about an appraisal, contact Kelley Group today.

Appraisal reviews "have to figure out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value transactions as a means to assist in exposing valuation complications."

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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 Kelley Group, we're qualified in all types of appraisal reviews, review processes and the requirements of review appraisers.

Kelley Group understands what amounts to a quality appraisal and what the most prevalent defects are, particularly in our housing market. The professionals at Kelley Group are also adequately skilled to identify that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively examine appraisal reports done by others. And those others might be evaluating our work, too!

In short, here at Kelley Group, you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.