Carpino Valuation Services, LLC Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Carpino Valuation Services, LLC provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is attained ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or larger-value dealings as a control to aid in uncovering valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually 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. At Carpino Valuation Services, LLC, we are experienced in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.