Appraisal Reviews by Reverts Appraisal Service.LLC

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Reverts Appraisal Service.LLC, we provide appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules.

Appraisal reviews "should determine whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their high-risk or large-value contracts as a control to assist in exposing valuation issues."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 Reverts Appraisal Service.LLC, we're qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.