Qualified Appraisal Reviews by Early Bird Appraisals (702) 308-0806

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines, contact Early Bird Appraisals (702) 308-0806.

Appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for some of their higher-liability or large-value transactions as a means to help in exposing valuation concerns."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll 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 Early Bird Appraisals (702) 308-0806, we're experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.