Appraisal Reviews with The Appraisal Shoppe

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations, just contact The Appraisal Shoppe.

Appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. In addition, they "should demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also notes that "some institutions supplement typical reviews with post-funding surveys of appraisal quality for some of their high-liability or greater-value contracts as a control to aid in exposing valuation disputes."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. Here at The Appraisal Shoppe, we're qualified in all types of appraisal reviews, review procedures and the requirements of review appraisers.