Quality Appraisal Reviews by AppraisalsByDana, LLC.

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews should "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At AppraisalsByDana, LLC., we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or higher-value affairs as a method to assist in revealing valuation disputes."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At AppraisalsByDana, LLC., we're qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.