Experienced Appraisal Reviews with JW -Appraisal

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at JW -Appraisal, we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules.

Appraisal reviews "must conclude whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or high-value dealings as a method to assist in detecting valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At JW -Appraisal, we're qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.