Appraisal Reviews by Aries Appraisals

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations, just contact Aries Appraisals.

As stated by the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is collected guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value contracts as a way to help in revealing valuation complications."

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Aries Appraisals, we're skilled in every type of appraisal review, review process and the obligations of review appraisers.