Qualified Appraisal Reviews by Larkins Appraisal Services

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules, contact Larkins Appraisal Services.

The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some banks add periodic reviews with post-funding surveys of appraisal quality for a few of their high-liability or large-value contracts as a way to help in detecting valuation dilemmas."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Larkins Appraisal Services, we're skilled in every kind of appraisal review, review practice and the requirements of review appraisers.