Expert Appraisal Reviews with Del Valle & Associates

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Del Valle & Associates, we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some banks augment routine reviews with post-funding surveys of appraisal quality for a number of their high-liability or greater-value transactions as a control to help in uncovering valuation problems."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will prepare 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 Del Valle & Associates, we are trained in every kind of appraisal review, review process and the obligations of review appraisers.