Qualified Appraisal Reviews by Asset Appraisal

According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations, look no further than Asset Appraisal.

Appraisal reviews "have to determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. In addition, they "must denote whether the appraisal or evaluation report matches the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or large-value transactions as a channel to aid in uncovering valuation concerns."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will formulate 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 Asset Appraisal, we're trained in all types of appraisal reviews, review processes and the obligations of review appraisers.