Appraisal Reviews with Cason Appraisal Service

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews should "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, contact Cason Appraisal Service.

Appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. They "should also signify 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 notes that "some banks augment periodic reviews with post-funding surveys of appraisal quality for a few of their higher-liability or large-value affairs as a channel to aid in addressing valuation concerns."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Cason Appraisal Service, we are trained in all forms of appraisal reviews, review procedures and the requirements of review appraisers.