Expert Appraisal Reviews with Ran Barmashiah

According to an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Ran Barmashiah provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's rules.

Appraisal reviews "should determine 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 obtained ensures independence and quality," as stated by the Federal Reserve. In addition, they "should indicate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value contracts as a control to assist in exposing valuation issues."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can 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. Here at Ran Barmashiah, we are skilled in every kind of appraisal review, review process and the requirements of review appraisers.