Appraisal Reviews with Timely Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's guidelines, just contact Timely Appraisal Services.

Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for some of their higher-liability or larger-value affairs as a means to aid in exposing valuation issues."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically 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 Timely Appraisal Services, we are experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.