Qualified Appraisal Reviews with (208) 782-0233

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations, just contact (208) 782-0233.

Appraisal reviews "have to verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. They "must also show whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a number of their higher-liability or larger-value transactions as a means to assist in uncovering valuation concerns."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally 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 (208) 782-0233, we're trained in every form of appraisal review, review practice and the obligations of review appraisers.