Quality Appraisal Reviews with Appraise Colorado Inc

According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Appraise Colorado Inc provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "should figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or larger-value affairs as a channel to aid in uncovering valuation issues."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll 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 Appraise Colorado Inc, we're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.