Appraisal Reviews by Larsen Real Estate Appraising

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules, just contact Larsen Real Estate Appraising.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or high-value contracts as a method to aid in addressing valuation problems."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can produce 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 Larsen Real Estate Appraising, we are skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.