Expert Appraisal Reviews with Jones Realty

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Jones Realty provides appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's regulations.

Appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or high-value affairs as a channel to aid in revealing valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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. Here at Jones Realty, we're skilled in all types of appraisal reviews, review practices and the requirements of review appraisers.