Appraisal Reviews by A. G. Appraisal Services

As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews must "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." A. G. Appraisal Services provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality." They "should also show whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value contracts as a means to assist in addressing valuation issues."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll develop 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. G. Appraisal Services, we are skilled in all forms of appraisal reviews, review procedures and the obligations of review appraisers.