Experienced Appraisal Reviews with Carrie Luckner-Zimmerman

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Carrie Luckner-Zimmerman provides appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should show whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or greater-value contracts as a method to assist in detecting valuation disputes."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Carrie Luckner-Zimmerman, we're experienced in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.