Experienced Appraisal Reviews with AA Appraisals

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, just contact AA Appraisals.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also states that "some banks supplement typical reviews with post-funding surveys of appraisal quality for a few of their higher-risk or greater-value transactions as a control to help in discovering valuation complications."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can 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 AA Appraisals, we are trained in every kind of appraisal review, review practice and the requirements of review appraisers.