Appraisal Reviews with Realty Valuators, Inc

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Realty Valuators, Inc, we provide appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement routine reviews with post-funding surveys of appraisal quality for any of their high-risk or larger-value transactions as a way to assist in revealing valuation complications."

In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Realty Valuators, Inc, we're experienced in every type of appraisal review, review process and the responsibilities of review appraisers.