Appraisal Reviews by S.A.I.L. Associates Appraisers

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules, just contact S.A.I.L. Associates Appraisers.

The Federal Reserve says appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must show whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also states that "some banks supplement routine reviews with post-funding surveys of appraisal quality for any of their high-risk or larger-value affairs as a way to assist in detecting valuation issues."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll formulate 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 S.A.I.L. Associates Appraisers, we're experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.