Quality Appraisal Reviews by Elizabeth Guadalupe

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules, look no further than Elizabeth Guadalupe.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or large-value transactions as a control to aid in uncovering valuation problems."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll prepare 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 Elizabeth Guadalupe, we are qualified in every form of appraisal review, review procedure and the responsibilities of review appraisers.