A. M. Appraisals Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At A. M. Appraisals, we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "should show whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value transactions as a method to aid in addressing valuation dilemmas."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can formulate 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 A. M. Appraisals, we're experienced in every form of appraisal review, review procedure and the obligations of review appraisers.