Expert Appraisal Reviews by Featherston Real Estate Specialist

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Featherston Real Estate Specialist, we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "must verify whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report matches the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for some of their high-liability or higher-value contracts as a channel to help in identifying valuation issues."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will formulate 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 Featherston Real Estate Specialist, we're trained in every type of appraisal review, review practice and the requirements of review appraisers.