Expert Appraisal Reviews with YLE Appraisals

According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules, contact YLE Appraisals.

Appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions supplement routine reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value dealings as a method to help in exposing valuation problems."

In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 YLE Appraisals, we're trained in every type of appraisal review, review process and the obligations of review appraisers.