Experienced Appraisal Reviews by Diversified Real Estate Activities Inc. (805) 388-5507

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Diversified Real Estate Activities Inc. (805) 388-5507 provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.

Appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value dealings as a control to help in addressing valuation issues."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will 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 Diversified Real Estate Activities Inc. (805) 388-5507, we're qualified in every type of appraisal review, review procedure and the obligations of review appraisers.