Experienced Appraisal Reviews with Coutts Appraisal Service

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Coutts Appraisal Service, we provide appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions augment periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or higher-value contracts as a channel to assist in identifying valuation dilemmas."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can prepare 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 Coutts Appraisal Service, we are experienced in all forms of appraisal reviews, review practices and the obligations of review appraisers.