Appraisal Reviews by Associated Appraisal Group, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews should "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules, look no further than Associated Appraisal Group, Inc..    

Appraisal reviews "have to figure out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value transactions as a way to aid in revealing valuation issues."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Associated Appraisal Group, Inc., we're skilled in all kinds of appraisal reviews, review processes and the requirements of review appraisers.