Qualified Appraisal Reviews by Peiffer Appraisals

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines, just contact Peiffer Appraisals.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "must indicate whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value contracts as a method to aid in discovering valuation dilemmas."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll 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 Peiffer Appraisals, we are experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.