Qualified Appraisal Reviews by Denver Appraisal Consultants, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Denver Appraisal Consultants, LLC, we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is attained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value contracts as a means to aid in identifying valuation concerns."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll develop 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 Denver Appraisal Consultants, LLC, we are experienced in every type of appraisal review, review procedure and the requirements of review appraisers.