Qualified Appraisal Reviews with Real Property Group

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers doing reviews should "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's guidelines, contact Real Property Group.

According to the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality." They "should also show whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also states that "some banks augment regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or high-value affairs as a channel to assist in identifying valuation disputes."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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 Real Property Group, we're trained in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.