Quality Appraisal Reviews by Accurate Value Real Estate Appraisals

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's rules, just contact Accurate Value Real Estate Appraisals.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also states that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a few of their high-liability or high-value transactions as a way to assist in detecting valuation complications."

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly 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. Here at Accurate Value Real Estate Appraisals, we're trained in every kind of appraisal review, review process and the responsibilities of review appraisers.