Appraisal Reviews with AppraiserAdvisorNow.com

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." AppraiserAdvisorNow.com provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is obtained ensures independence and quality," according to the Federal Reserve. Moreover, they "must show whether the appraisal or evaluation report is consistent with the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value affairs as a control to assist in addressing valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can produce 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 AppraiserAdvisorNow.com, we're skilled in all kinds of appraisal reviews, review processes and the requirements of review appraisers.