Expert Appraisal Reviews by Willhite Appraisal Service

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than Willhite Appraisal Service.

Appraisal reviews "have to determine whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment routine reviews with post-funding surveys of appraisal quality for a few of their higher-liability or larger-value contracts as a control to help in revealing valuation concerns."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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 Willhite Appraisal Service, we are trained in all forms of appraisal reviews, review procedures and the requirements of review appraisers.