Appraisal Reviews with RealVal Solutions, LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, contact RealVal Solutions, LLC.

The Federal Reserve says appraisal reviews "should determine whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for a few of their higher-liability or higher-value contracts as a control to assist in revealing valuation issues."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will 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 RealVal Solutions, LLC, we are experienced in every form of appraisal review, review practice and the responsibilities of review appraisers.