Experienced Appraisal Reviews by Appraisal Quest Co. (805) 469-3088

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's regulations, look no further than Appraisal Quest Co. (805) 469-3088.

As stated by the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-risk or greater-value affairs as a channel to aid in uncovering valuation problems."

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraisal Quest Co. (805) 469-3088, we are qualified in every type of appraisal review, review process and the responsibilities of review appraisers.