Experienced Appraisal Reviews with Vaughn Appraisal Service

According to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, just contact Vaughn Appraisal Service.

Appraisal reviews "should find out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "must also demonstrate whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also says that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for a number of their high-liability or higher-value affairs as a channel to help in discovering valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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 Vaughn Appraisal Service, we're experienced in every type of appraisal review, review practice and the obligations of review appraisers.