Appraisal Reviews with Weaver Appraisal Group

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Weaver Appraisal Group, we provide appraisal review services that are independent, expert, professional and square with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "ought to conclude whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for any of their high-liability or large-value transactions as a channel to assist in identifying valuation disputes."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll develop 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 Weaver Appraisal Group, we are qualified in every type of appraisal review, review process and the obligations of review appraisers.