Brian P Mocilnikar Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Brian P Mocilnikar provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "ought to determine 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 collected guarantees independence and quality," according to the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value contracts as a means to aid in detecting valuation concerns."

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll prepare 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 Brian P Mocilnikar, we are experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.