Sun Country R.E. Appraisal Services, Inc Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, expert, professional and square with the Federal Reserve's regulations, contact Sun Country R.E. Appraisal Services, Inc.

Appraisal reviews "must decide whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add regular reviews with post-funding evaluations of appraisal quality for any of their high-risk or large-value contracts as a method to assist in uncovering valuation issues."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Sun Country R.E. Appraisal Services, Inc, we are experienced in every type of appraisal review, review practice and the requirements of review appraisers.