Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, look no further than Valicity LLC.

Appraisal reviews "should decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "must indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or large-value transactions as a means to aid in exposing valuation disputes."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll produce 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 qualified in every kind of appraisal review, review process and the requirements of review appraisers.