Appraisal Reviews by Timely Appraisal Services

According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations, contact Timely Appraisal Services.

The Federal Reserve says appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value affairs as a way to help in uncovering valuation problems."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will 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 Timely Appraisal Services, we are experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers.