Quality Appraisal Reviews with Corrie Appraisal & Consulting, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews have to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules, just contact Corrie Appraisal & Consulting, Inc..

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." They "should also signify whether the appraisal or evaluation report is true to the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some banks augment routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value affairs as a means to help in uncovering valuation concerns."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 Corrie Appraisal & Consulting, Inc., we're experienced in every type of appraisal review, review process and the obligations of review appraisers.