Stone County Appraisals, Inc Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules, just contact Stone County Appraisals, Inc.

Appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for a number of their higher-risk or larger-value transactions as a way to aid in addressing valuation complications."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely 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. Here at Stone County Appraisals, Inc, we're experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers.