Qualified Appraisal Reviews by Will Flory & Associates

According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules, look no further than Will Flory & Associates.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value transactions as a means to help in addressing valuation problems."

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can 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 Will Flory & Associates, we are trained in every form of appraisal review, review procedure and the requirements of review appraisers.