Expert Appraisal Reviews with Anderson Appraisal, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews have to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, expert, professional and square with the Federal Reserve's regulations, look no further than Anderson Appraisal, LLC.

Appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is even with the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add typical reviews with post-funding evaluations of appraisal quality for some of their higher-liability or larger-value affairs as a control to aid in uncovering valuation disputes."

In addition to coordinating 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 produce 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 Anderson Appraisal, LLC, we are qualified in every type of appraisal review, review procedure and the requirements of review appraisers.