Quality Appraisal Reviews with Appraisal Services of Brandon, Inc .

According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules, look no further than Appraisal Services of Brandon, Inc ..

As stated by the Federal Reserve, appraisal reviews "ought to 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 collected guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some banks add periodic reviews with post-funding assessments of appraisal quality for a number of their higher-liability or larger-value transactions as a way to aid in uncovering valuation problems."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Appraisal Services of Brandon, Inc ., we're experienced in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.