Experienced Appraisal Reviews by Columbus Appraisal Company, LLC

According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, contact Columbus Appraisal Company, LLC.

Appraisal reviews "should determine whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. In addition, they "should demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or high-value transactions as a control to assist in detecting valuation disputes."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will formulate 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 qualified in every form of appraisal review, review practice and the obligations of review appraisers.