Qualified Appraisal Reviews by PCI Appraisal Company

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules, contact PCI Appraisal Company.

Appraisal reviews "must find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or higher-value transactions as a way to assist in discovering valuation problems."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At PCI Appraisal Company, we are trained in every form of appraisal review, review procedure and the responsibilities of review appraisers.