Austin Metropolitan Appraisal Group, Inc. Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews should "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than Austin Metropolitan Appraisal Group, Inc..

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some institutions add routine reviews with post-funding assessments of appraisal quality for any of their higher-risk or high-value contracts as a channel to aid in addressing valuation concerns."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Austin Metropolitan Appraisal Group, Inc., we are trained in every kind of appraisal review, review process and the obligations of review appraisers.