Qualified Appraisal Reviews with Robj Appraisals

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Robj Appraisals provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or high-value dealings as a means to aid in discovering valuation complications."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can develop 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 Robj Appraisals, we're skilled in all forms of appraisal reviews, review processes and the requirements of review appraisers.