Qualified Appraisal Reviews by April Linton Smith Appraisals

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at April Linton Smith Appraisals, we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "have to conclude whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should indicate whether the appraisal or evaluation report matches the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also notes that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a number of their high-risk or large-value dealings as a channel to aid in addressing valuation complications."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 April Linton Smith Appraisals, we're qualified in every kind of appraisal review, review procedure and the requirements of review appraisers.