Expert Appraisal Reviews with Nathan Appraisals

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's guidelines, just contact Nathan Appraisals.

Appraisal reviews "have to conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "should also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value transactions as a channel to assist in identifying valuation concerns."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Nathan Appraisals, we are experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers.