Expert Appraisal Reviews by Marketwise

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Marketwise provides appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules.

Appraisal reviews "ought to find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. Moreover, they "should announce whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or large-value affairs as a channel to assist 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 widely used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Marketwise, we're experienced in all kinds of appraisal reviews, review processes and the obligations of review appraisers.