Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews must "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines, contact Wade Appraisal Co.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment typical reviews with post-funding evaluations of appraisal quality for some of their higher-risk or larger-value affairs as a channel to assist in addressing valuation disputes."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Wade Appraisal Co, we're qualified in every kind of appraisal review, review process and the requirements of review appraisers.