Appraisal Reviews by Anderson Appraisal House

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines, just contact Anderson Appraisal House.

As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value transactions as a way to help in exposing valuation problems."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Anderson Appraisal House, we are qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.