Quality Appraisal Reviews with Accurate Value Real Estate Appraisals

As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's rules, contact Accurate Value Real Estate Appraisals.

Appraisal reviews "ought to determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add typical reviews with post-funding assessments of appraisal quality for a number of their high-risk or larger-value dealings as a method to aid in identifying valuation concerns."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any 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 type of appraisal review, review procedure and the responsibilities of review appraisers.