Experienced Appraisal Reviews by Stanley M. Pack & Company, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Stanley M. Pack & Company, Inc..

According to the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality." They "must also denote whether the appraisal or evaluation report matches the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for a number of their higher-liability or high-value contracts as a control to help in revealing valuation disputes."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce 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 Stanley M. Pack & Company, Inc., we are skilled in all forms of appraisal reviews, review processes and the responsibilities of review appraisers.