Expert Appraisal Reviews by Allatoona Appraisal

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Allatoona Appraisal provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations.

Appraisal reviews "must figure out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value affairs as a way to aid in revealing valuation complications."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will develop 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 Allatoona Appraisal, we are qualified in every kind of appraisal review, review practice and the requirements of review appraisers.