Experienced Appraisal Reviews with RP Hill Company, LLC

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at RP Hill Company, LLC, we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality." 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." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or large-value transactions as a channel to assist in identifying valuation complications."

In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely 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 RP Hill Company, LLC, we're trained in every kind of appraisal review, review procedure and the obligations of review appraisers.