Qualified Appraisal Reviews with USAappraisers

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At USAappraisers, we provide appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add typical reviews with post-funding surveys of appraisal quality for some of their higher-risk or large-value contracts as a channel to help in uncovering valuation issues."

In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at USAappraisers, we are trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.