Qualified Appraisal Reviews by STEVEN GIANNINI & ASSOCIATES

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." STEVEN GIANNINI & ASSOCIATES provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.

The Federal Reserve says appraisal reviews "should decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also says that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or higher-value transactions as a method to help in exposing valuation issues."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at STEVEN GIANNINI & ASSOCIATES, we are qualified in every type of appraisal review, review process and the requirements of review appraisers.

We are familiar with what represents a quality appraisal and what the greatest inadequacies are, specifically in our real estate market. The professionals at STEVEN GIANNINI & ASSOCIATES are also skilled enough to admit that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically valuate appraisal reports carried out by others. And those others may be studying our work, too!

For professional, unbiased, ethical appraisal review services and truthful judgments, you can rely on STEVEN GIANNINI & ASSOCIATES. Contact STEVEN GIANNINI & ASSOCIATES for more information about our qualifications, expertise and services offered.