Fort Collins Appraisal, Inc. Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines, look no further than Fort Collins Appraisal, Inc..

Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment routine reviews with post-funding assessments of appraisal quality for some of their high-liability or high-value transactions as a channel to assist in discovering valuation complications."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll 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 Fort Collins Appraisal, Inc., we are skilled in all types of appraisal reviews, review processes and the responsibilities of review appraisers.