All South Appraisals Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, just contact All South Appraisals.

Appraisal reviews "should figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions add routine reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value affairs as a way to assist in addressing valuation problems."

In addition to coordinating our work to the procedures and guidelines of our review customers, 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. Here at All South Appraisals, we are trained in every kind of appraisal review, review procedure and the requirements of review appraisers.