Quality Appraisal Reviews with Stout Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, contact Stout Appraisal Services.

Appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value contracts as a means to help in uncovering valuation complications."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll 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. At Stout Appraisal Services, we're experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.