Experienced Appraisal Reviews by Del Valle & Associates

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 should "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Del Valle & Associates, we provide appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. Moreover, they "must announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for some of their high-risk or higher-value transactions as a control to help in revealing valuation problems."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 Del Valle & Associates, we're skilled in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.