Quality Appraisal Reviews by Integrated Assets

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines, contact Integrated Assets.

Appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "should also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or greater-value contracts as a way to help in discovering valuation concerns."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can prepare 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 Integrated Assets, we're skilled in every type of appraisal review, review process and the responsibilities of review appraisers.