The Federal Reserve has recently reiterated that, “Financial Institutions must have an effective, independent real estate appraisal and evaluation program” and that appraisers performing review should “Have the knowledge and expertise to assess compliance with the Federal Reserve appraisal regulations and guidelines.” At Appraisal Solutions, we provide appraisal review services that are independent, qualified, and professional and we fully understand the Federal Reserve Guidelines.
Appraisal Reviews “should determine whether the appraisal or evaluations is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality,” the Federal Reserve says. The Federal Reserve also notes that “some banks supplement routine reviews with post- funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuations problems.”
Appraisal Solutions offers high-quality appraisal reviews of any kind. A client may be interested in ordering a review from us for a number of reasons. If the client has received an appraisal recently and is unsatisfied with the appraised value of their property, they can order an appraisal review from Appraisal Solutions. We have a team of meticulous appraisers and we assure that they are all extremely qualified to review any appraisal.