Expert Appraisal Reviews with Hall Appraisers, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines, look no further than Hall Appraisers, Inc..

Appraisal reviews "have to conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also announce whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also notes that "some banks augment typical reviews with post-funding surveys of appraisal quality for a few of their higher-risk or greater-value contracts as a method to assist in revealing valuation problems."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Hall Appraisers, Inc., we're experienced in all forms of appraisal reviews, review processes and the responsibilities of review appraisers.