Appraisal Reviews by Integrated Assets

According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Integrated Assets, we provide appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "must find out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or high-value affairs as a channel to assist in discovering valuation dilemmas."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Integrated Assets, we're trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.