Experienced Appraisal Reviews with South Shore Realty Advisors, Inc

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at South Shore Realty Advisors, Inc, we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.

Appraisal reviews "should verify whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or high-value contracts as a channel to help in exposing valuation problems."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will produce 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 South Shore Realty Advisors, Inc, we are trained in every type of appraisal review, review procedure and the requirements of review appraisers.