Astute Appraisals, Inc. Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules, just contact Astute Appraisals, Inc..

Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value transactions as a method to help in revealing valuation dilemmas."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Astute Appraisals, Inc., we are trained in all types of appraisal reviews, review practices and the requirements of review appraisers.