Expert Appraisal Reviews with Accelerated Appraisal Services LLC

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules, contact Accelerated Appraisal Services LLC.

Appraisal reviews "must decide 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. In addition, they "should denote whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement typical reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or higher-value contracts as a channel to assist in identifying valuation concerns."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will 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 Accelerated Appraisal Services LLC, we're trained in every form of appraisal review, review practice and the requirements of review appraisers.