Appraisal Reviews with Appraisal-One

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's regulations, just contact Appraisal-One.

Appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value transactions as a way to assist in addressing valuation issues."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Appraisal-One, we're experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.