Qualified Appraisal Reviews by Valicity LLC

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Valicity LLC, we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "have to verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality." In addition, they "should indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions add routine reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value contracts as a control to assist in addressing valuation disputes."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Valicity LLC, we are qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.