Appraisal Reviews with TBD Appraisal

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations, look no further than TBD Appraisal.

Appraisal reviews "must determine whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must indicate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for some of their higher-liability or higher-value affairs as a channel to help in uncovering valuation complications."

In addition to adjusting 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'll 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 TBD Appraisal, we are qualified in all forms of appraisal reviews, review practices and the obligations of review appraisers.