Quality Appraisal Reviews with Citi Appraisal Enterprise

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules, just contact Citi Appraisal Enterprise.

Appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value dealings as a method to aid in identifying valuation complications."

In addition to conforming 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 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. Here at Citi Appraisal Enterprise, we're skilled in every type of appraisal review, review process and the requirements of review appraisers.