Appraisal Reviews by Sanders Appraisal Company, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, just contact Sanders Appraisal Company, LLC.

The Federal Reserve says appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." Moreover, they "must denote whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for any of their higher-liability or larger-value dealings as a way to help in uncovering valuation issues."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will produce 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 Sanders Appraisal Company, LLC, we are qualified in every form of appraisal review, review process and the obligations of review appraisers.