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

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews must "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's guidelines, just contact Appraisal Quest Co. (805) 469-3088.

Appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "must signify 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 says that "some financial institutions augment typical reviews with post-funding surveys of appraisal quality for a few of their higher-risk or high-value affairs as a control to aid in identifying valuation disputes."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually 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. Here at Appraisal Quest Co. (805) 469-3088, we're experienced in all forms of appraisal reviews, review practices and the requirements of review appraisers.