Quality Appraisal Reviews by Brown Appraisal Services

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines, just contact Brown Appraisal Services.

As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "must indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add routine reviews with post-funding assessments of appraisal quality for some of their high-risk or higher-value transactions as a means to assist in uncovering valuation disputes."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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 Brown Appraisal Services, we are skilled in every form of appraisal review, review procedure and the responsibilities of review appraisers.