Appraisal Reviews by Across Texas Appraisals

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Across Texas Appraisals provides appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "should decide whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is acquired ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report matches the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment periodic reviews with post-funding evaluations of appraisal quality for any of their high-risk or large-value dealings as a channel to aid in uncovering valuation disputes."

In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Across Texas Appraisals, we're skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.