Experienced Appraisal Reviews by Astute Appraisals, Inc.

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Astute Appraisals, Inc. provides appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report matches the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or high-value dealings as a way to help in identifying valuation problems."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 Astute Appraisals, Inc., we are skilled in every type of appraisal review, review process and the responsibilities of review appraisers.