Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Integrated Assets, we provide appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "should find out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. In addition, they "must announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or large-value dealings as a way to aid in exposing valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will produce 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 Integrated Assets, we're trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.