Appraisal Reviews by American Appraisal, Inc.

According to a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations, contact American Appraisal, Inc..

The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should show whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add typical reviews with post-funding surveys of appraisal quality for a number of their high-liability or high-value affairs as a channel to aid in detecting valuation issues."

In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will formulate 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 every kind of appraisal review, review practice and the requirements of review appraisers.