Expert Appraisal Reviews by Exclusive Real Estate, LLC dba Appraisal Solutions

According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Exclusive Real Estate, LLC dba Appraisal Solutions provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality." They "must also signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value dealings as a way to help in identifying valuation complications."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll produce 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 Exclusive Real Estate, LLC dba Appraisal Solutions, we're skilled in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.