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Appraisal Reviews with Rehkemper Brothers, LLCAccording to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers producing reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Rehkemper Brothers, LLC provides appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's guidelines.A review appraisal should verify: whether the original appraisal or evaluation is suitable for the transaction, the risk inherit in the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality. Moreover, they should demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment. The Federal Reserve also goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will formulate 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 Rehkemper Brothers, LLC, we're experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.
Here at Rehkemper Brothers, LLC, you can rely on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered. |
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Rehkemper Brothers, LLC understands what the most likely report deficiencies are, particularly in our housing market, as well as what makes a quality appraisal.
In the same regard, we are sufficiently experienced to distinguish that the competition in our market are qualified to do a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly assess appraisal reports completed by others. And those others might be examining our work, too!