Experienced Appraisal Reviews with BGreen2 Appraisal

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules, just contact BGreen2 Appraisal.

Appraisal reviews "ought to decide whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is even with the letter of engagement, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for a number of their higher-risk or high-value contracts as a way to aid in identifying valuation concerns."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can prepare 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 BGreen2 Appraisal, we are qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.