Quality Appraisal Reviews with Anna Hall Appraisals LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Anna Hall Appraisals LLC provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines.

Appraisal reviews "have to figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "should indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a number of their high-risk or high-value transactions as a means to help in uncovering valuation disputes."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will prepare 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 Anna Hall Appraisals LLC, we are experienced in every type of appraisal review, review procedure and the requirements of review appraisers.