Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews must "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules, look no further than Tight & Right Real Estate Valuation.

As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is collected guarantees independence and quality." Moreover, they "must denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also says that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or higher-value transactions as a way to aid in revealing valuation concerns."

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can produce 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 Tight & Right Real Estate Valuation, we are experienced in every type of appraisal review, review process and the requirements of review appraisers.