Qualified Appraisal Reviews by BTR Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, look no further than BTR Appraisal Services.

Appraisal reviews "should determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report matches the engagement letter, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a number of their high-liability or high-value contracts as a means to assist in addressing valuation issues."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will prepare 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 BTR Appraisal Services, we're experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers.