Atlas Appraisal Service LTD Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." At Atlas Appraisal Service LTD, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality." They "should also announce whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add typical reviews with post-funding evaluations of appraisal quality for any of their higher-risk or higher-value affairs as a means to help in revealing valuation concerns."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Atlas Appraisal Service LTD, we are qualified in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.