Appraisal Reviews by Valley to Coast Appraisals

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines, just contact Valley to Coast Appraisals.

Appraisal reviews "have to find out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. In addition, they "should denote whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or high-value contracts as a channel to help in discovering valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Valley to Coast Appraisals, we are trained in every type of appraisal review, review practice and the obligations of review appraisers.