Experienced Appraisal Reviews by Sabal Appraisal Services, Inc

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules, look no further than Sabal Appraisal Services, Inc.

Appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value dealings as a channel to aid in addressing valuation dilemmas."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will 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 Sabal Appraisal Services, Inc, we're experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers.