Experienced Appraisal Reviews with Kirkpatrick Appraisal Services

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Kirkpatrick Appraisal Services, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's rules.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Kirkpatrick Appraisal Services today.

As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is collected ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions add typical reviews with post-funding surveys of appraisal quality for a few of their high-liability or high-value dealings as a control to assist in addressing valuation complications."

In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 Kirkpatrick Appraisal Services, we are trained in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.

Kirkpatrick Appraisal Services understands what the most common defects are, particularly in our housing market. We also understand what amounts to a quality appraisal. At the same time, we're amply trained to acknowledge that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully valuate appraisal reports executed by others. And those others may be studying our work, too!

When you choose Kirkpatrick Appraisal Services, you can count on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.