Appraisal Reviews by Bayou Country Valuations

As said in a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews should "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's regulations, look no further than Bayou Country Valuations.

Appraisal reviews "must find out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. In addition, they "should demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value transactions as a means to assist in uncovering valuation concerns."

In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate 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 Bayou Country Valuations, we're trained in every form of appraisal review, review practice and the requirements of review appraisers.