Appraisal Reviews with Baxter Appraisal Group

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's guidelines, contact Baxter Appraisal Group.

As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." They "should also signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve states that "some banks add typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or higher-value contracts as a channel to assist in revealing valuation disputes."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally 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. Here at Baxter Appraisal Group, we are qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.