Quality Appraisal Reviews with American Appraisal, Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules, contact American Appraisal, Inc..

As stated by the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for any of their high-liability or larger-value affairs as a method to assist in revealing valuation dilemmas."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually 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. Here at American Appraisal, Inc., we're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.