Appraisal Reviews with Accuracy Matters Appraisals

According to a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines, contact Accuracy Matters Appraisals.

Appraisal reviews "should figure out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "must also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or greater-value dealings as a channel to assist in revealing valuation problems."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will 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. At Accuracy Matters Appraisals, we are qualified in all forms of appraisal reviews, review practices and the requirements of review appraisers.