Quality Appraisal Reviews with R.M. Rose

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than R.M. Rose.

According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." In addition, they "should denote whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for some of their high-liability or large-value contracts as a control to help in revealing valuation dilemmas."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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 R.M. Rose, we are experienced in every kind of appraisal review, review process and the requirements of review appraisers.