Expert Appraisal Reviews with (208) 782-0233

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, contact (208) 782-0233.

The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement regular reviews with post-funding surveys of appraisal quality for any of their high-risk or greater-value affairs as a control to aid in addressing valuation dilemmas."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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. At (208) 782-0233, we are trained in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.