Appraisal Reviews with Tri-Cities Appraisal Services, LLC

According to an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules, contact Tri-Cities Appraisal Services, LLC.

According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions reinforce typical reviews with post-funding surveys of appraisal quality for some of their high-risk or greater-value dealings as a channel to assist in revealing valuation issues."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Tri-Cities Appraisal Services, LLC, we're trained in every type of appraisal review, review practice and the responsibilities of review appraisers.