Alpenglow Appraisals Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Alpenglow Appraisals, we provide appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. They "must also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for some of their high-liability or larger-value transactions as a channel to assist in uncovering valuation problems."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can prepare 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 Alpenglow Appraisals, we're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.