Appraisal Reviews with Christine Staubs

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Christine Staubs, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should show whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment routine reviews with post-funding evaluations of appraisal quality for a number of their high-liability or high-value contracts as a means to assist in detecting valuation problems."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Christine Staubs, we're skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.