Quality Appraisal Reviews with Integrity Appraisal Service LLC

According to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews must "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Integrity Appraisal Service LLC provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality." They "must also show whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or large-value contracts as a channel to help in discovering valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. At Integrity Appraisal Service LLC, we are skilled in all types of appraisal reviews, review practices and the responsibilities of review appraisers.