Greater Orlando Appraisal Assoc., Inc. Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines, just contact Greater Orlando Appraisal Assoc., Inc..

According to the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or higher-value transactions as a method to aid in revealing valuation concerns."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll develop 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 Greater Orlando Appraisal Assoc., Inc., we are experienced in every form of appraisal review, review practice and the responsibilities of review appraisers.