Qualified Appraisal Reviews by Village Appraisal Ltd.

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Village Appraisal Ltd..

Appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for some of their higher-liability or large-value affairs as a channel to help in addressing valuation problems."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can 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. At Village Appraisal Ltd., we're skilled in every form of appraisal review, review procedure and the responsibilities of review appraisers.