Quality Appraisal Reviews by Haberer Appraisal Service

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Haberer Appraisal Service.

The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or greater-value transactions as a way to assist in exposing valuation problems."

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 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. Here at Haberer Appraisal Service, we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.