Qualified Appraisal Reviews by Realty Valuators, Inc

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines, just contact Realty Valuators, Inc.

According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is obtained ensures independence and quality." They "must also announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some banks augment regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or higher-value affairs as a way to assist in revealing valuation issues."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. At Realty Valuators, Inc, we are trained in every form of appraisal review, review practice and the requirements of review appraisers.