Quality Appraisal Reviews by Integrity Appraisal Group

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Integrity Appraisal Group, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "must determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value contracts as a control to aid in uncovering valuation disputes."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll produce 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 Integrity Appraisal Group, we are experienced in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.