Experienced Appraisal Reviews with Accelerated Appraisal Services

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Accelerated Appraisal Services provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for a number of their high-risk or high-value dealings as a channel to assist in detecting valuation complications."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 Accelerated Appraisal Services, we are trained in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.