Experienced Appraisal Reviews by Appraisal House, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules, just contact Appraisal House, Inc..

According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality." They "must also announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value affairs as a channel to help in addressing valuation issues."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily 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. At Appraisal House, Inc., we're trained in every form of appraisal review, review procedure and the requirements of review appraisers.