Expert Appraisal Reviews with Aegis Appraisals.

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules, contact Aegis Appraisals.

According to the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add routine reviews with post-funding surveys of appraisal quality for a few of their higher-risk or larger-value transactions as a means to help in detecting valuation concerns."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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 Aegis Appraisals, we're experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.