Expert Appraisal Reviews with Allatoona Appraisal

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews should "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations, contact Allatoona Appraisal.

Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must show whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement typical reviews with post-funding assessments of appraisal quality for a number of their high-risk or greater-value affairs as a means to help in uncovering valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally 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 Allatoona Appraisal, we're experienced in all forms of appraisal reviews, review procedures and the obligations of review appraisers.