Appraisal Reviews by Atlas Appraisal, LLC

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules, just contact Atlas Appraisal, LLC.

Appraisal reviews "should figure out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value dealings as a control to help in discovering valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can prepare 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 Atlas Appraisal, LLC, we're experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.