Qualified Appraisal Reviews with A1 Valuation Pro

As said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules, look no further than A1 Valuation Pro.

The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality." They "should also show whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for a number of their high-risk or higher-value transactions as a channel to assist in addressing valuation complications."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. At A1 Valuation Pro, we are skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.