Quality Appraisal Reviews by (208) 782-0233

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." (208) 782-0233 provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "have to conclude whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions supplement periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or high-value transactions as a method to help in uncovering valuation dilemmas."

In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll 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. Here at (208) 782-0233, we're skilled in every type of appraisal review, review practice and the obligations of review appraisers.