Expert Appraisal Reviews by Oregon Appraisals LLC

According to an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Oregon Appraisals LLC, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "ought to decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or larger-value dealings as a control to help in identifying valuation problems."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. Here at Oregon Appraisals LLC, we are trained in every kind of appraisal review, review procedure and the requirements of review appraisers.