Experienced Appraisal Reviews by Region Appraisals & Consultants, LLC

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews are obligated to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Region Appraisals & Consultants, LLC provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality." They "should also show whether the appraisal or evaluation report matches the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value affairs as a method to assist in exposing valuation concerns."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically 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 Region Appraisals & Consultants, LLC, we're experienced in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.