Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Lambeau Real Estate Consulting, LLC provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement typical reviews with post-funding evaluations of appraisal quality for any of their higher-risk or large-value dealings as a channel to assist in revealing valuation problems."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Lambeau Real Estate Consulting, LLC, we're skilled in every type of appraisal review, review practice and the requirements of review appraisers.