Expert Appraisal Reviews with Good Appraisal Services, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." At Good Appraisal Services, Inc., we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality." They "should also announce whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value dealings as a channel to aid in uncovering valuation dilemmas."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can produce 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 Good Appraisal Services, Inc., we're experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.