Appraisal Reviews with Casa Grande Appraisal Service

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Casa Grande Appraisal Service provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines.

According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for some of their higher-liability or greater-value affairs as a method to assist in identifying valuation issues."

In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Casa Grande Appraisal Service, we are trained in every form of appraisal review, review process and the requirements of review appraisers.