Appraisal Reviews with C-H Appraisal Group

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." C-H Appraisal Group provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. In addition, they "must demonstrate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their high-risk or large-value contracts as a channel to help in exposing valuation dilemmas."

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at C-H Appraisal Group, we're skilled in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.