Experienced Appraisal Reviews with Whicker Appraisals Inc.

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines, just contact Whicker Appraisals Inc..

According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some banks supplement typical reviews with post-funding assessments of appraisal quality for any of their higher-risk or greater-value affairs as a control to aid in detecting valuation concerns."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Whicker Appraisals Inc., we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.