For appraisal review services in San Bernardino, contact Kenny G. Adams

Getting a second opinion on an appraisal

As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the obligation of appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Kenny G. Adams provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.

The purpose of appraisal reviews are to pursue: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality. In addition, they should announce whether the appraisal or evaluation report is in line with the letter of engagement, which gives an account of the scope of the appraisal assignment. The Fed also states 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 regarding an appraisal, contact us today.

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will develop 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 Kenny G. Adams, we are experienced in every kind of appraisal review, review process and the responsibilities of review appraisers.

For appraisal review services in San Bernardino, contact Kenny G. Adams We are familiar with what makes a quality appraisal and what the most frequent errors are, especially when it comes to our local real estate market. The professionals at Kenny G. Adams are also experienced enough to know that the competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Kenny G. Adams to lawfully examine appraisal reports executed by others. And those others could be examining our work, too!

At Kenny G. Adams, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Kenny G. Adams regarding our qualifications, expertise and services offered.