Appraisal Reviews with Anderson Appraisal, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and in line with the Federal Reserve's rules, just contact Anderson Appraisal, LLC.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some banks add routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value dealings as a means to help in uncovering valuation concerns."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can 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. Here at Anderson Appraisal, LLC, we are trained in all forms of appraisal reviews, review practices and the requirements of review appraisers.