Experienced Appraisal Reviews with Tight & Right Real Estate Valuation

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or high-value dealings as a way to assist in addressing valuation complications."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce 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 Tight & Right Real Estate Valuation, we're trained in every form of appraisal review, review process and the obligations of review appraisers.