Appraisal Reviews with Collard Appraisal Group, Inc.

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Collard Appraisal Group, Inc. provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for a number of their higher-liability or higher-value contracts as a means to help in detecting valuation disputes."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Collard Appraisal Group, Inc., we're experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.