Quality Appraisal Reviews with (208) 782-0233

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules, look no further than (208) 782-0233.

According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions reinforce routine reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or greater-value dealings as a channel to aid in identifying valuation dilemmas."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can formulate 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 (208) 782-0233, we're experienced in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.