Expert Appraisal Reviews with Del Valle & Associates

As said in a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Del Valle & Associates provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." They "should also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks augment regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value affairs as a method to assist in uncovering valuation complications."

In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Del Valle & Associates, we're experienced in every type of appraisal review, review practice and the obligations of review appraisers.