Quality Appraisal Reviews by Collard Appraisal Group, Inc.

According to a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules, contact Collard Appraisal Group, Inc..

Appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality," the Federal Reserve says. In addition, they "should show whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their high-liability or greater-value contracts as a means to assist in uncovering valuation dilemmas."

In addition to conforming 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 will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Collard Appraisal Group, Inc., we're qualified in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.