Appraisal Reviews with Campbell & Associates Appraisers, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Campbell & Associates Appraisers, Inc. provides appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "have to find out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or high-value contracts as a channel to help in identifying valuation concerns."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Campbell & Associates Appraisers, Inc., we're trained in all types of appraisal reviews, review practices and the responsibilities of review appraisers.