Appraisal Reviews with American Appraisal, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, look no further than American Appraisal, Inc..

Appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "should announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value contracts as a method to aid in discovering valuation problems."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 are experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers.