Sloan Real Estate Solutions Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Sloan Real Estate Solutions provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks augment periodic reviews with post-funding surveys of appraisal quality for some of their higher-liability or large-value affairs as a control to assist in discovering valuation issues."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll formulate 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 Sloan Real Estate Solutions, we're skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers.