Appraisal Reviews with Appraisal Quest Co. (805) 469-3088

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules, just contact Appraisal Quest Co. (805) 469-3088.

Appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "must also denote whether the appraisal or evaluation report is even with the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment typical reviews with post-funding surveys of appraisal quality for a few of their higher-risk or higher-value transactions as a means to aid in discovering valuation complications."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will 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 Appraisal Quest Co. (805) 469-3088, we're trained in every kind of appraisal review, review practice and the obligations of review appraisers.