Georgetown Appraisal Group Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, just contact Georgetown Appraisal Group.

Appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should indicate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or higher-value contracts as a means to assist in addressing valuation complications."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Georgetown Appraisal Group, we are experienced in every form of appraisal review, review process and the requirements of review appraisers.