Expert Appraisal Reviews with Florida Property Research & Appraisal

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines, just contact Florida Property Research & Appraisal.

According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality." They "must also show whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or larger-value contracts as a method to assist in revealing valuation concerns."

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Florida Property Research & Appraisal, we are qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.