Appraisal Reviews by Hemsley Appraisal, LLC

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Hemsley Appraisal, LLC.

According to the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is accomplished guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or large-value transactions as a means to aid in uncovering valuation dilemmas."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will 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 Hemsley Appraisal, LLC, we're trained in all kinds of appraisal reviews, review processes and the obligations of review appraisers.