Quality Appraisal Reviews with Dawson Appraisal Inc.

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Dawson Appraisal Inc., we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or large-value dealings as a method to help in addressing valuation disputes."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will 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 Dawson Appraisal Inc., we're skilled in every form of appraisal review, review practice and the obligations of review appraisers.