Qualified Appraisal Reviews by Las Vegas Appraisal Service, Inc.

According to an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations, contact Las Vegas Appraisal Service, Inc..

According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or higher-value dealings as a way to aid in detecting valuation issues."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Las Vegas Appraisal Service, Inc., we're experienced in all forms of appraisal reviews, review procedures and the obligations of review appraisers.