Expert Appraisal Reviews by Turner Appraisal LLC

According to a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Turner Appraisal LLC, we provide appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "must announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value transactions as a way to help in uncovering valuation issues."

In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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. At Turner Appraisal LLC, we are skilled in all types of appraisal reviews, review procedures and the obligations of review appraisers.