profile picture

Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." (208) 782-0233 provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.

As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." They "should also announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for some of their high-risk or large-value contracts as a method to help in revealing valuation disputes."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can produce 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 (208) 782-0233, we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.

We realize what the biggest inadequacies are, particularly in our real estate market. We also know what amounts to a quality appraisal. In this regard, we are adequately experienced to respect that the competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully valuate appraisal reports completed by others. And those others could be examining our work, too!

In short, at (208) 782-0233, you can rely on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact (208) 782-0233 to learn more about our qualifications, expertise and services offered.