Appraisal Reviews with Searcy Appraisal Services, LLC

As said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Searcy Appraisal Services, LLC, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "must figure out 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 obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or large-value affairs as a control to aid in discovering valuation disputes."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 Searcy Appraisal Services, LLC, we're qualified in every kind of appraisal review, review practice and the obligations of review appraisers.