Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At John A. Pindar Appraisals, we provide appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules.

Appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions add regular reviews with post-funding surveys of appraisal quality for some of their higher-liability or higher-value contracts as a control to help in discovering valuation complications."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At John A. Pindar Appraisals, we're skilled in all forms of appraisal reviews, review procedures and the obligations of review appraisers.