KLP Enterprises LLC Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's guidelines, look no further than KLP Enterprises LLC.

Appraisal reviews "ought to verify whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality," the Federal Reserve says. They "must also denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for any of their high-liability or high-value transactions as a method to aid in uncovering valuation concerns."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At KLP Enterprises LLC, we are experienced in every form of appraisal review, review procedure and the responsibilities of review appraisers.