Appraisal Reviews with South Shore Realty Advisors, Inc

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules, look no further than South Shore Realty Advisors, Inc.

Appraisal reviews "must find out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "should also show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for a few of their higher-liability or large-value contracts as a channel to aid in detecting valuation complications."

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 South Shore Realty Advisors, Inc, we're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.