Expert Appraisal Reviews by Appraisal House, Inc.

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines, contact Appraisal House, Inc..

According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks augment typical reviews with post-funding surveys of appraisal quality for any of their high-risk or high-value transactions as a method to aid in revealing valuation concerns."

In addition to coordinating 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. Here at Appraisal House, Inc., we are trained in every form of appraisal review, review procedure and the obligations of review appraisers.