Qualified Appraisal Reviews with Tight & Right Real Estate Valuation

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or high-value contracts as a method to assist in revealing valuation dilemmas."

In addition to coordinating our work to the practices 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 Tight & Right Real Estate Valuation, we're qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.