Expert Appraisal Reviews by Caldwell Appraisal and Consulting

According to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Caldwell Appraisal and Consulting, we provide appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations.

Appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement routine reviews with post-funding assessments of appraisal quality for some of their high-risk or large-value dealings as a control to help in revealing valuation complications."

In addition to conforming 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 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 Caldwell Appraisal and Consulting, we're trained in all forms of appraisal reviews, review practices and the requirements of review appraisers.