Expose Value Appraisals Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines, contact Expose Value Appraisals.

According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also states that "some banks supplement typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value dealings as a channel to help in uncovering valuation issues."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can formulate 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 Expose Value Appraisals, we are experienced in every kind of appraisal review, review practice and the requirements of review appraisers.