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Appraisal reviews: The Federal Reserve has recently reiterated that "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Linsin & Associates provides professional real estate appraisal review services that conform with the Federal Reserve's guidelines.  In fact, Tom Linsin is a contract appraisal reviewer for the Kansas Real Estate Appraisal Board for both Complaint and Experience reviews with a concentration on USPAP violations.  Linsin has also been educated on Investigative Appraisal Reviews by the Association of Appraiser Reglatory Officials, AARO   


Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality," the Fed says. They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment."The Fed also notes 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 conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  Linsin & Associates is experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. 

 

We understand what makes a quality appraisal and what the most common deficiencies are, especially in our home market. If the State of Kansas can rely on our services for their experience and complaint reviews, then you can too!

 

In short, with Linsin & Associates, you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Browse our website to learn more about our qualifications, expertise and services offered.

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