Qualified Appraisal Reviews by Columbus Appraisal Company, LLC

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines, contact Columbus Appraisal Company, LLC.

Appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some banks add typical reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value contracts as a method to assist in revealing valuation concerns."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 Columbus Appraisal Company, LLC, we're skilled in every form of appraisal review, review practice and the requirements of review appraisers.