Experienced Appraisal Reviews by Anderson Appraisal, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Anderson Appraisal, LLC, we provide appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also states that "some institutions supplement periodic reviews with post-funding surveys of appraisal quality for a few of their high-liability or higher-value affairs as a means to assist in revealing valuation dilemmas."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll 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. Here at Anderson Appraisal, LLC, we are skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers.