Experienced Appraisal Reviews with Love Appraisals

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Love Appraisals, we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value affairs as a method to assist in exposing valuation issues."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll 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 Love Appraisals, we're experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.