Valicity LLC Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews must "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, contact Valicity LLC.

As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for some of their high-liability or larger-value dealings as a control to aid in revealing valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Valicity LLC, we are experienced in every kind of appraisal review, review process and the requirements of review appraisers.