Experienced Appraisal Reviews by Accurate Value Real Estate Appraisals

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Accurate Value Real Estate Appraisals provides appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or large-value affairs as a control to aid in addressing valuation disputes."

In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Accurate Value Real Estate Appraisals, we're experienced in every form of appraisal review, review procedure and the obligations of review appraisers.