Expert Appraisal Reviews with Maria Storti

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines, contact Maria Storti.

According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also says that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for any of their high-liability or higher-value contracts as a way to assist in exposing valuation problems."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can formulate 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 Maria Storti, we're trained in all types of appraisal reviews, review processes and the responsibilities of review appraisers.