Expert Appraisal Reviews with Performance Appraisals Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules, contact Performance Appraisals Inc..

Appraisal reviews "should determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report matches the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for any of their higher-liability or larger-value affairs as a control to aid in identifying valuation complications."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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 Performance Appraisals Inc., we are qualified in all types of appraisal reviews, review procedures and the obligations of review appraisers.