Experienced Appraisal Reviews with (208) 782-0233

According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." (208) 782-0233 provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or greater-value transactions as a channel to aid in uncovering valuation dilemmas."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 (208) 782-0233, we're trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.