Qualified Appraisal Reviews by Anise Marshall

According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews are obligated to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Anise Marshall provides appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules.

Appraisal reviews "should find out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their high-liability or greater-value affairs as a means to aid in detecting valuation dilemmas."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will produce 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 Anise Marshall, we're qualified in every form of appraisal review, review practice and the responsibilities of review appraisers.