For appraisal review services in Baltimore, contact Klein Appraisals, LLC

Getting a second opinion on an appraisal

According 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 undertaking reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Klein Appraisals, LLC provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's rules.

The purpose of appraisal reviews are to pursue: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality. Moreover, they must demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment. Lastly, the Federal Reserve 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".


	If you're in the need of a real estate appraisal review or have questions about an appraisal, call Klein Appraisals, LLC today.

In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will prepare 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 Klein Appraisals, LLC, we are experienced in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.

For appraisal review services in Baltimore, contact Klein Appraisals, LLC Klein Appraisals, LLC knows what the most common reporting imperfections are, particularly in our real estate market. We also know what makes a quality appraisal. At the same time, the professionals at Klein Appraisals, LLC are amply experienced to recognize that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Klein Appraisals, LLC to ethically examine appraisal reports executed by others. And those others could be examining our work, too!

At Klein Appraisals, LLC, you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.