Quality Appraisal Reviews with Charles Keim's Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Charles Keim's Appraisal Services, we provide appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce typical reviews with post-funding surveys of appraisal quality for a few of their higher-liability or high-value transactions as a method to assist in addressing valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Charles Keim's Appraisal Services, we are qualified in all forms of appraisal reviews, review practices and the requirements of review appraisers.