Qualified Appraisal Reviews with Christopher Calzavara

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines, look no further than Christopher Calzavara.

Appraisal reviews "must figure out 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 accomplished ensures independence and quality," the Federal Reserve says. In addition, they "must indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value affairs as a method to help in addressing valuation concerns."

In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 Christopher Calzavara, we're skilled in every type of appraisal review, review practice and the obligations of review appraisers.