Qualified Appraisal Reviews with Steve Gleit

According to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations, look no further than Steve Gleit.

As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or large-value transactions as a method to help in exposing valuation complications."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically 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 Steve Gleit, we are trained in every type of appraisal review, review process and the obligations of review appraisers.