Expert Appraisal Reviews with Appraisal House, Inc.

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines, contact Appraisal House, Inc..

Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also states that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or higher-value contracts as a way to assist in uncovering valuation dilemmas."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Appraisal House, Inc., we're trained in every kind of appraisal review, review process and the obligations of review appraisers.