Appraisal Reviews by Appraise Dat Appraisal Services

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's regulations, look no further than Appraise Dat Appraisal Services.

Appraisal reviews "should decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. In addition, they "must signify whether the appraisal or evaluation report is true to the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value transactions as a channel to aid in discovering valuation complications."

In addition to adjusting 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 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. At Appraise Dat Appraisal Services, we are trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.