Experienced Appraisal Reviews with Larry Jr Appraisals

According to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations, just contact Larry Jr Appraisals.

The Federal Reserve says appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a few of their high-liability or greater-value dealings as a means to help in identifying valuation concerns."

In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 Larry Jr Appraisals, we are trained in every form of appraisal review, review procedure and the requirements of review appraisers.