Expert Appraisal Reviews with The Appraisal Shop

As said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." The Appraisal Shop provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is attained guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some banks add routine reviews with post-funding assessments of appraisal quality for any of their high-risk or high-value transactions as a method to aid in revealing valuation problems."

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At The Appraisal Shop, we are skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.