Appraisal Reviews with Integrity Appraisers and Consultants, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Integrity Appraisers and Consultants, LLC provides appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or larger-value dealings as a control to assist in exposing valuation disputes."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 Integrity Appraisers and Consultants, LLC, we're experienced in every form of appraisal review, review procedure and the obligations of review appraisers.