Appraisal Reviews by Excel-erated Appraisals, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Excel-erated Appraisals, LLC, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or large-value affairs as a way to aid in exposing valuation disputes."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can develop 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 Excel-erated Appraisals, LLC, we are skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.