Experienced Appraisal Reviews by Accurate Appraisals of KC

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews should "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Accurate Appraisals of KC, we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also notes that "some institutions add regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or high-value dealings as a way to assist in addressing valuation complications."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly 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. Here at Accurate Appraisals of KC, we're qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.