MC Appraisals LLC Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's rules, just contact MC Appraisals LLC.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for a number of their higher-liability or larger-value affairs as a control to assist in uncovering valuation problems."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at MC Appraisals LLC, we are skilled in every type of appraisal review, review process and the obligations of review appraisers.