Experienced Appraisal Reviews with Shabach Realty Services, Inc

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Shabach Realty Services, Inc, we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's guidelines.

Appraisal reviews "should determine whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or larger-value affairs as a method to aid in discovering valuation issues."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can produce 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 Shabach Realty Services, Inc, we are trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.