Expert Appraisal Reviews with Golden Quality Appraisal Services

According to a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Golden Quality Appraisal Services, we provide appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some banks add typical reviews with post-funding surveys of appraisal quality for any of their high-liability or greater-value transactions as a way to assist in discovering valuation problems."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will prepare 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 Golden Quality Appraisal Services, we are experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.