Experienced Appraisal Reviews with TDF Appraisal

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." TDF Appraisal provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." They "should also show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some banks add typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value affairs as a channel to assist in exposing valuation concerns."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can prepare 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 TDF Appraisal, we're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.