Appraisal Reviews by ATX Appraisal, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." ATX Appraisal, LLC provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is acquired guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or large-value affairs as a control to assist in discovering valuation disputes."

In addition to adjusting our work to the practices 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 one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at ATX Appraisal, LLC, we're trained in all types of appraisal reviews, review practices and the requirements of review appraisers.