Quality Appraisal Reviews with Allatoona Appraisal

As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, just contact Allatoona Appraisal.

The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or larger-value dealings as a means to aid in revealing valuation concerns."

In addition to adapting 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 will formulate 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 Allatoona Appraisal, we are experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.