Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews must "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules, contact Premier Appraisals, Inc..

The Federal Reserve says appraisal reviews "ought to verify 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 attained ensures independence and quality." They "should also show whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment routine reviews with post-funding evaluations of appraisal quality for a number of their high-risk or large-value contracts as a way to aid in identifying valuation dilemmas."

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 Premier Appraisals, Inc., we are experienced in all kinds of appraisal reviews, review practices and the obligations of review appraisers.