Experienced Appraisal Reviews with Independent Realty Appraiser Group

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules, contact Independent Realty Appraiser Group.

Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions reinforce typical reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value affairs as a way to assist in discovering valuation concerns."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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 Independent Realty Appraiser Group, we're experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers.