Expert Appraisal Reviews with American Appraisal, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at American Appraisal, Inc., we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks add regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value dealings as a control to assist in detecting valuation complications."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can 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 American Appraisal, Inc., we're qualified in all types of appraisal reviews, review processes and the responsibilities of review appraisers.