Experienced Appraisal Reviews by Trish Murphy Realty LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Trish Murphy Realty LLC provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement routine reviews with post-funding surveys of appraisal quality for a few of their high-liability or high-value affairs as a channel to assist in detecting valuation complications."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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 Trish Murphy Realty LLC, we are trained in all kinds of appraisal reviews, review practices and the obligations of review appraisers.