Appraisal Reviews with Columbus Appraisal Company, LLC

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines, look no further than Columbus Appraisal Company, LLC.

According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality." They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or greater-value dealings as a channel to aid in discovering valuation problems."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can 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. At Columbus Appraisal Company, LLC, we're trained in every type of appraisal review, review practice and the requirements of review appraisers.