Appraisal Reviews with Wilson Appraisal (402) 475-3030

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews must "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Wilson Appraisal (402) 475-3030 provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. In addition, they "must indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions reinforce regular reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value transactions as a means to help in discovering valuation problems."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll 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 Wilson Appraisal (402) 475-3030, we're skilled in all forms of appraisal reviews, review processes and the obligations of review appraisers.