Appraisal Reviews with Fetterman Appraisal Company

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews have to "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, qualified, professional and in line with the Federal Reserve's guidelines, look no further than Fetterman Appraisal Company.

According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or greater-value affairs as a channel to help in addressing valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll formulate 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 Fetterman Appraisal Company, we're qualified in every type of appraisal review, review practice and the responsibilities of review appraisers.