Appraisal Reviews by JP TEXAS APPRAISAL

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules, look no further than JP TEXAS APPRAISAL.

The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or large-value contracts as a means to aid in identifying valuation issues."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can 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. At JP TEXAS APPRAISAL, we're experienced in every kind of appraisal review, review practice and the requirements of review appraisers.