Experienced Appraisal Reviews by Appraisal Solutions

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Appraisal Solutions, we provide appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report matches the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value dealings as a method to help in addressing valuation problems."

In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll develop 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 Appraisal Solutions, we're skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.