Quality Appraisal Reviews with Accurate Value Real Estate Appraisals

According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Accurate Value Real Estate Appraisals provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report is true to the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or greater-value affairs as a way to aid in revealing valuation disputes."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can formulate 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 are experienced in all types of appraisal reviews, review practices and the responsibilities of review appraisers.