Experienced Appraisal Reviews with Phoenix Valuations, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines, look no further than Phoenix Valuations, LLC.

The Federal Reserve says appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some banks supplement routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value dealings as a way to assist in identifying valuation disputes."

In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Phoenix Valuations, LLC, we're skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers.