Qualified Appraisal Reviews by Parisi Appraisal Group, LLC

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Parisi Appraisal Group, LLC , we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or high-value affairs as a channel to assist in exposing valuation complications."

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will formulate 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 Parisi Appraisal Group, LLC , we are qualified in every type of appraisal review, review process and the responsibilities of review appraisers.