Quality Appraisal Reviews with Matthew's Appraisal Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Matthew's Appraisal Inc. provides appraisal review services that are independent, efficient, professional and square with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "must decide 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 ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks augment routine reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value dealings as a control to help in identifying valuation issues."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Matthew's Appraisal Inc., we're trained in every type of appraisal review, review procedure and the requirements of review appraisers.