Experienced Appraisal Reviews with David W. Wagner

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations, look no further than David W. Wagner.

According to 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 manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also states that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for some of their high-risk or large-value affairs as a means to help in identifying valuation complications."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 David W. Wagner, we're qualified in every kind of appraisal review, review process and the obligations of review appraisers.