Quality Appraisal Reviews by R.F.Robin Enterprises/Appraisals

According to an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at R.F.Robin Enterprises/Appraisals, we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "should verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions supplement periodic reviews with post-funding surveys of appraisal quality for some of their high-liability or high-value contracts as a means to help in identifying valuation dilemmas."

In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. At R.F.Robin Enterprises/Appraisals, we're skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.