Experienced Appraisal Reviews by Columbus Appraisal Company, LLC

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Columbus Appraisal Company, LLC, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce periodic reviews with post-funding evaluations of appraisal quality for any of their higher-liability or large-value dealings as a way to assist in identifying valuation concerns."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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 Columbus Appraisal Company, LLC, we're experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.