Quality Appraisal Reviews with Bower Appraisal Inc.

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations, contact Bower Appraisal Inc..

As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." They "must also show whether the appraisal or evaluation report matches the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions add typical reviews with post-funding surveys of appraisal quality for a few of their high-liability or large-value contracts as a means to help in identifying valuation concerns."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can 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. At Bower Appraisal Inc., we are experienced in all kinds of appraisal reviews, review practices and the requirements of review appraisers.